0
How do you adjust straight-line amortization of deferred rent when lease is extended?
When using straight-line rent expense and you amend the lease you take the deferred rent liability at the time of the amendment and amortize it over the life of the new amendment.
If you are still required to account for future rent payments on a straight-line basis, you will need to take into account the new lease payments that will be made over the remaining lease term and adjust the future amortization. To do this, you must calculate the total rent expense that will be paid over the revised lease term (i.e. from the original commencement date through the extended termination date). Then, you will subtract the current balance of deferred rent, as this is the portion that has already been amortized. The remaining balance represents the rent expense that needs to be amortized over the remaining life of the lease. Therefore, you will divide this amount by the number of periods remaining in the lease to determine your monthly rent expense journal entry that will be made over the life of the extended lease.
What else can I help you with?
How do you adjust straight line amortization of deferred rent when lease is extended?
I am not entirely positive. But I believe you would take the balance of the deferred rent liability at relating to the lease prior to expansion and amortize it over the remaining life of the new lease. If deferred rent liability was 10k as of 10/31/2011 and you extended the lease term for two years ending 12/31/2013 you would calculate the new straightline expense of the lease at time of the extension through the end of the lease term and determine the deffered rent liability as of 12/31/2011. Then add 10K/24 = 417X 2 = 834 to the 12/31/2011 deferred rent balance of the new lease You are debiting the deferred rent liability and crediting expense to decrease the deferred rent liability associated with the old lease.
Where can I find information about auto loan amortization?
To calculate your auto loan, you can use this handy calculator found at www.amortization-calc.com. You can adjust any of the information needed in order to determine what your payments would be.
What effect does a decrease in unearned revenues have on cash flow statement?
Therefore, you record this deferred revenue as a cash inflow in the operating section. Specifically, you adjust cash generated from operating activities upward by the amount of the deferred revenue. ... Therefore, you must adjust the operating cash flow downward by the amount of this earned revenue.
How do you adjust the kickdown cable on a 350 turbo with a 305 v8?
When the throttle blades are wide open, the kickdown cable should be ALMOST completely extended.
Can a green card holder sponsor a husband who extended his stay in the US illegaly?
If you mean can you adjust his status to become legal- NO. This is only if you are a U.S. citizen.
How do you adjust timing chain on a Honda xr600?
You cannot adjust the tensioner. It is automatic, and takes out the slack of a stretching/aging cam chain. Once the tensioner has fully extended, the only fix is to replace the chain and the part of the tensioner the chain rides on if it is worn.
How do you change your extended network on MySpace?
It is important to know how to adjust things on social media. TheÊextended network can be changed through account settings, or by adding a code into the square About Me.
How do you adjust the cam chain on a kawasaki 1500?
It has an automatic adjuster on it. The issue comes when it becomes extended as far as it will go and the chain becomes loose and wears against the inside of the motor.
How to adjust shocks on a mountain bike for optimal performance?
To adjust shocks on a mountain bike for optimal performance, start by setting the sag to around 25-30 of the shock's travel. Then adjust the rebound damping to control how quickly the shock returns to its extended position. Finally, adjust the compression damping to fine-tune the shock's responsiveness to bumps and impacts. Experiment with different settings to find the best setup for your riding style and terrain.
What are the benefits of using an extended shower arm in your bathroom?
Using an extended shower arm in your bathroom can provide several benefits. It allows you to adjust the height and angle of the shower head, making it easier to reach and providing a more comfortable showering experience. Additionally, an extended shower arm can help to prevent water from splashing outside of the shower area, keeping your bathroom floor dry and reducing the risk of slips and falls.
How does the organization Extended Family Support System help families of prisoners?
There are several ways the organization Extended Family Support System does help families of prisoners. They have e.g. a special program for children who have an incarcerated family member. They talk to the children in weekly too daily sessions to help them adjust to their new way of life.
How can I adjust the bike seat height to ensure a comfortable and efficient riding experience?
To adjust the bike seat height for a comfortable and efficient riding experience, follow these steps: Stand next to the bike and adjust the seat height so that it is at hip level when you are standing next to the bike. Sit on the bike and place your foot on the pedal at the bottom of the pedal stroke. Your leg should be almost fully extended but with a slight bend in the knee. Make small adjustments to the seat height until you find a position where your leg is comfortably extended at the bottom of the pedal stroke. Ensure that the seat is level and tighten the seat post clamp to secure the seat in place. Test ride the bike to ensure that the seat height is comfortable and allows for efficient pedaling. Adjust as needed.
