This is an intermediate accounting research project. It will require about 1 1/2 to 2 hours of work.
Here is what I need for this assignment. It is a research paper on the scenario built
around leasing a vehicle. This is a very focused research project! So.... you should
make a short and clear statement as to which you recommend at the start of the
paper -- a lease or a purchase of the asset. Then you build your case! Financial
data should be shown in the body of the statement so that you can make
references to this easily and should include at least a short comment about tax
effects. Be sure to include all nonfinancial reasons for your choice -- so if you pick
a lease option, one could be that you like to drive a new car and you don't like to
sell old cars. Here is a very useful site to use for the lease information.
List of documents needed:
1) Lease Contract or advertised lease agreement.
2) Internal Rate of Returns Calculations (IRR).
3) Journal Entries for the entire purchase (Amortized, not lump sum
4) Amortization table.
5) And finally the paper. This should only be 2 pages in length.
This assignment should take about an hour and a half to two hours.
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