Assuming That This Is Classified as an Operating Lease, Create

question 5

Essay

Assuming that this is classified as an operating lease, create an amortization table for periodic interest and reduction in the liability.
Periodic Interest and Reduction in the Liability
$$\begin{array} { | l | l | l | l | l | } \hline & \text { Payment } & \text { Interest } & \text { Reduction } & \text { Balance } \\\hline & & & & \\\hline \text { Lease commencement: } 1 / 1 / 2019 & & & & \\\hline 1 / 1 / 2020 & & & & \\\hline 1 / 1 / 2021 & & & & \\\hline 1 / 1 / 2022 & & & & \\\hline 1 / 1 / 2023 & & & & \\\hline\end{array}$$

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