Sam’s Seaplane Rides

As an accountant we need to assist Sam to choose from 3 financing options and to provide Sam with reports that 3

calculate each of financing options. Provide journal entries and depreciation expense at the end of the year. on the advantages and disadvantages of the various options. Minimize the amount of cash that Sam would be required to repay over the next 3 years to cover operating cost. Provide the initial recording of asset.




Sample Solution