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2015-01-09
Getting acquainted with it. Pretty good. Would be a big help to be able to copy and paste whole cell entry(e.g., multiple-line entry within a cell) into another cell. Also, clumsy toggling between a p.1 and p.2 of a device - several interruptions to tell me the document was being edited.
2015-04-15
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2015-10-23
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2016-06-07
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2017-11-15
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All-in-one tool that ultimately expedites the process of filling out and scanning forms.
What do you dislike?
Nothing in particular; fixed one-time pricing would be preferable over subscriptions though.
What problems are you solving with the product? What benefits have you realized?
Reducing the amount of physical computer hardware in the office (scanners, printers) through the use of software such as PDFfiller.
2016-08-30
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2020-06-24
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How a lease payment is calculated?
Identify the number of the monthly payments on the lease. Then subtract the residual value from the net capitalized cost. Divide the resulting number by the number of payments. The result is the depreciation portion of the lease payment. For example, you lease a new car for three years.
How do you account for a lease?
Initial decoration. Calculate the present value of all lease payments. This will be the recorded cost of the asset. Record the amount as a debit to the appropriate fixed asset account, and a credit to the capital lease liability account.
How do you account for a leased car?
For example, if a lease payment were for a total of $1,000 and $120 of that amount were for interest expense, then the entry would be a debit of $880 to the capital lease liability account, a debit of $120 to the interest expense account, and a credit of $1,000 to the accounts payable account.
How do you record a leased vehicle in accounting?
Calculate the present value of all lease payments. This will be the recorded cost of the asset. Record the amount as a debit to the appropriate fixed asset account, and a credit to the capital lease liability account.
What is the journal entry for lease?
Step 3: Journal entries The equipment account is debited by the present value of the minimum lease payments and the lease liability account is the difference between the value of the equipment and cash paid at the beginning of the year. Depreciation expense must be recorded for the equipment that is leased.
Is a leased vehicle an asset?
When you purchase a vehicle, it becomes an asset, and you own it, though a finance company may have an interest in it if you have a loan. Because ownership of a leased car doesn't pass to you, it isn't your asset. Lease payments are, however, a monthly expense or liability.
Do leases go on balance sheet?
Lease payments are considered operating expenses and are expensed on the income statement. The firm does not own the asset and, therefore, it does not show up on the balance sheet and the firm does not assess any depreciation. There are various formulas for calculating depreciation of an asset.
Is a lease an asset or expense?
Accounting: Lease considered an asset (leased asset) and liability (lease payments). Payments are shown on the balance sheet. Tax: As owner, lessee claims depreciation expense, and interest expense.
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