This table shows cash flow and balance sheet information over 12 years for an asset that was leased. It includes details on the annual interest expense, depreciation expense, total expenses, changes in cash, leased assets, lease liability, and equity balances. The leased asset amount declines each year as depreciation expense is recorded, while the lease liability is reduced by the lease payments. This causes equity to decrease each year until the final year when the leased asset and lease liability are both zero.
This table shows cash flow and balance sheet information over 12 years for an asset that was leased. It includes details on the annual interest expense, depreciation expense, total expenses, changes in cash, leased assets, lease liability, and equity balances. The leased asset amount declines each year as depreciation expense is recorded, while the lease liability is reduced by the lease payments. This causes equity to decrease each year until the final year when the leased asset and lease liability are both zero.
This table shows cash flow and balance sheet information over 12 years for an asset that was leased. It includes details on the annual interest expense, depreciation expense, total expenses, changes in cash, leased assets, lease liability, and equity balances. The leased asset amount declines each year as depreciation expense is recorded, while the lease liability is reduced by the lease payments. This causes equity to decrease each year until the final year when the leased asset and lease liability are both zero.
This table shows cash flow and balance sheet information over 12 years for an asset that was leased. It includes details on the annual interest expense, depreciation expense, total expenses, changes in cash, leased assets, lease liability, and equity balances. The leased asset amount declines each year as depreciation expense is recorded, while the lease liability is reduced by the lease payments. This causes equity to decrease each year until the final year when the leased asset and lease liability are both zero.