Several accounting issues that companies should consider for the registration of financial leasing operations, one of them is the calculation of dues to pay, as I explained above quotas comprise a proportion of capital and other interests in Venezuela usually the method of depreciation utilizars French describe below
Where: R = Amount share
C = Total capital to repay or
i = Interest Rate Annualized
n = Number of shares to be amortized in the lease
for us to understand its operation and can also develop the amortization table that will be required in the operation illustrated with a practical example, we say that effected a lease of a vehicle cargo Bs - 500,000.00 and the bank has granted three years of funding to 25% annual lease cancel our monthly payments.
calculated according to the formula above and get a monthly fee of Bs - 19879.91, then say that you first cancel the interest on the principal owed and what remainder of this share capital with which we will build the following table is an amortization table:
As you can see each share is also growing amount we amortize capital and the remaining capital is rapidly smaller, and likewise with increasing our share of capital in the share decreases our share of interest and so on.
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