On December 31,2014,Endive Company Leased a Machine Under a Capital

question 37

Multiple Choice

On December 31,2014,Endive Company leased a machine under a capital lease for a period of ten years,contracting to pay $100,000 on signing the lease and $100,000 annually on December 31 of the next nine years.The present value at December 31,2014,of the ten lease payments over the lease term discounted at 10 percent was $676,000.At December 31,2015,Endive's total capital lease liability is

• A) $486,000.
• B) $518,000.
• C) $533,600.
• D) $607,960.

---

Definitions:

Helping Behaviour

Actions taken to assist or benefit another individual or group without expectation of reward.

Snoring

The hoarse or harsh sound that occurs when air flows past relaxed tissues in the throat, causing the tissues to vibrate during sleep.

Weight

A measure of the gravitational force acting on an object, commonly used in various contexts to indicate the heaviness of an object.

Correlation

A numerical indicator showing the degree to which two or more variables move in relation to one another.