HKICPA试题精讲课第一期考题解题答案公布
 Thompson Manufacturing Inc. On 1 January 20X7,Thompson Manufacturing Inc.(TMI),the lessor,entered into a non-cancellable ease agreement for equipment with Silver Rod Company(SRC),the lessee.The following information pertains to the lease: •Annual lease payment due at the beginning of each year,beginning on1 January 20X7→$53,069 •Option to purchase at the end of lease term→$10,000 •Lease term→5 years •Economic useful life of leased equipment→8 years •Lessor's manufacturing cost→$200,000 •Fair value of leased equipment at 1 January 20X7→$227,50 •Estimated unguaranteed residual value of leased•equipment at the end of lease term→$30,000 •Lessor's implicit rate→12.93% •Lessee's incremental borrowing rate→10% Required (a)Discuss how the purchase option at the end of the lease term offered by TMI to SRC will affect the classification of this lease by SRC.(3 marks) (b)Prepare an amortisation schedule that would be suitable for TMI for the lease term.(5 marks) (c)Prepare all the journal entries that TMI should make for each of the years ended 31 December 20X7 and 20X8.(7 marks) (Total=15 marks) 公布答案 题解、技巧及思路 1.Purchase option regarding classification of the lease by SRC According to HKAS 17.10,if the lessee(SRC)has the option to purchase the asset at a price that is expected to be sufficiently lower than the fair value at the date the option becomes exercisable for it to be reasonably certain,at the inception of the lease,that the option will be exercised,it would normally lead to a lease being classified as a finance lease. The option price is$10,000.In view of the fact that SRC estimated the economic useful life of the leased equipment to be eight years while the lease term is just five years,plus the fair value of the leased equipment at 1 January 20X7 is$227,500,it is reasonable to expect that the option price is sufficiently lower than the then fair value after five years.Therefore,SRC should classify the lease as a finance lease. 2.12.93%is the implicit rate that,at the inception of the lease,causes the aggregate present value of the minimum lease payment and the unguaranteed residual value to be equal to the fair value of the leased asset: 3.Journal entries that TMI should make for each of the years ended 31 December 20X7 and 20X8: ①20X7 DEBIT Lease payment receivable→$227,500 CREDIT Revenue→$227,500 To record the revenue and the lease payment receivable for the finance lease of the equipment. DEBIT Cost of sales→$200,000 CREDIT Inventory→$200,000 To record the cost of sales for the finance lease of the equipment. DEBIT Cash→$53,069 CREDIT Lease payment receivable→$53,069 To record the receipt of the lease payment. DEBIT Lease payment receivable→$22,554 CREDIT Interest income→$22,554 To record the interest income for the year recognised at theimplicit rate. ②20X8 DEBIT Cash→$53,069 CREDIT Lease payment receivable→$53,069 To record the receipt of the lease payment. DEBIT Lease payment receivable→$18,608 CREDIT Interest income→$18,608 To record the interest income for the year recognised at the implicit rate. 来源：微信号【HKICPA】,由香港注册会计师网【www.hkicpa.cn】整理发布,若需引用或转载，请注明来源！ |
