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Delivery trucks (4) Operating lease Sample Modified

Vehicles, leased from Desert Fleet Leasing. Commenced Mar 1, 2025, ends Mar 1, 2030.

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Term
48 months, paid in arrears
Discount rate
7.00%
Liability at commencement
100,224.48
ROU at commencement
100,224.48
Straight-line cost
2,400.00 per period
ScheduleJournal entriesClassificationInputsHistory

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

Period 10, Jan 1, 2026Trace to schedule line
AccountDebitCredit
Lease cost — operating2,400.00
Cash2,400.00
Lease liability — operating1,912.92
ROU asset — operating1,912.92
Period 11, Feb 1, 2026Trace to schedule line
AccountDebitCredit
Lease cost — operating2,400.00
Cash2,400.00
Lease liability — operating1,924.08
ROU asset — operating1,924.08
Period 12, Mar 1, 2026Trace to schedule line
AccountDebitCredit
Lease cost — operating2,400.00
Cash2,400.00
Lease liability — operating1,935.30
ROU asset — operating1,935.30
Period 13, Apr 1, 2026Trace to schedule line
AccountDebitCredit
Lease cost — operating2,400.00
Cash2,400.00
Lease liability — operating1,946.59
ROU asset — operating1,946.59
Period 14, May 1, 2026Trace to schedule line
AccountDebitCredit
Lease cost — operating2,400.00
Cash2,400.00
Lease liability — operating1,957.94
ROU asset — operating1,957.94
Period 15, Jun 1, 2026Trace to schedule line
AccountDebitCredit
Lease cost — operating2,400.00
Cash2,400.00
Lease liability — operating1,969.37
ROU asset — operating1,969.37
Period 16, Jul 1, 2026Trace to schedule line
AccountDebitCredit
Lease cost — operating2,400.00
Cash2,400.00
Lease liability — operating1,980.85
ROU asset — operating1,980.85
Period 17, Aug 1, 2026Trace to schedule line
AccountDebitCredit
Lease cost — operating2,400.00
Cash2,400.00
Lease liability — operating1,992.41
ROU asset — operating1,992.41
Modification, Aug 1, 2026
AccountDebitCredit
ROU asset — operating22,369.70
Lease liability — operating22,369.70
Period 18, Sep 1, 2026Trace to schedule line
AccountDebitCredit
Lease cost — operating2,400.00
Cash2,400.00
Lease liability — operating1,835.94
ROU asset — operating1,835.94
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