a car with a manufacturer list priceof $30000 is least of december 1,2015 by a company for $950 per month payable at the start of each month

Accounting Dec 02, 2020

a car with a manufacturer list priceof $30000 is least of december 1,2015 by a company for $950 per month payable at the start of each month. The term of lease is 24 months and refundable deposite of $500 made at the inception of the lease. The person using the car pays the company $150 per month for personal use. Assume the prescribed rate is 2% for all the period under consideration. Ignoring HST and GST. Determine the maximum detectible lease.

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