a clinic intered into a fire purchase agreement with Sau Interprise to purchase a new and improved X-ray machine. The li

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A Clinic Intered Into A Fire Purchase Agreement With Sau Interprise To Purchase A New And Improved X Ray Machine The Li 1 (30.76 KiB) Viewed 35 times

a clinic intered into a fire purchase agreement with Sau Interprise to purchase a new and improved X-ray machine. The list price of the X-ray achine in H-245.000 The partient chedule as provided in the agreement is as follow Initial de CH 0,00 31 December 2021 CHAT 500 11 December 2012 C61250 December 102 CH245.600 SI Docember 2014 137.400 Apa Clinio estimates that economic bener will flow from its X-ray machines to the buenes for a period of 15 years, after which it will be disposed off scrape at GH 17.000 Netired Determine the hire purchase price and the interest amount included in this amount Apport the hire purchase interest amount over the relevant periodistasing the sum of your digits method Make the necessary ledger entries to record the transactions relation to the higher purchase in the books of Agya Clinic Provide the income statement and statement of financial position extracts for Clinic for all the relevant years. (15 marks)