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Server equipment Finance lease Sample

IT equipment, leased from Mesa Technology Capital. Commenced Apr 1, 2026, ends Jan 1, 2029.

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Term
12 quarters, paid in advance
Discount rate
5.50%
Liability at commencement
91,296.66after the 9,000.00 paid that day; 100,296.66 before it
ROU at commencement
100,296.66
Amortized over
12 quarters

Entries dated in Jan 1, 2026 to Sep 30, 2026.

Commencement, Apr 1, 2026
AccountDebitCredit
ROU asset — finance100,296.66
Lease liability — finance100,296.66
Period 1, Apr 1, 2026Trace to schedule line
AccountDebitCredit
Interest expense — finance lease1,255.33
Amortization expense — ROU asset8,358.06
Accumulated amortization — ROU asset8,358.06
Cash9,000.00
Lease liability — finance7,744.67
Period 2, Jul 1, 2026Trace to schedule line
AccountDebitCredit
Interest expense — finance lease1,148.84
Amortization expense — ROU asset8,358.06
Accumulated amortization — ROU asset8,358.06
Cash9,000.00
Lease liability — finance7,851.16
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