Get a unique, high-quality and non-plagiarized paper from us today at the most affordable price
Email us :

solar energy

South British Company is a solar energy company located in the southern part of the United Kingdom. The company specializes in generating electricity, which is then sold to local towns and villages. Due to the global decrease in oil prices, the demand for solar energy is very limited and as a result there are very few companies worldwide that specialize in solar energy production. Recent technological advances have led South British Company to consider replacing its exiting solar panels with high-tech micro-wafer panels that produce five times the amount of electricity as the old panels. On January 1, 2015, South British Company decided to lease 2,500 of the new high-tech panels from EuroLease Company. The two companies decided that the lease term is 5 years with yearly lease payments of $1,291,326 starting on January 1, 2015 and then each December 31 thereafter. The details of the agreement indicate that the interest rate agreed upon by the two companies is 8%. Additional details suggest that the useful life of the solar panels is eight years with no residual value. Although, EuroLease had just recently purchased the solar panels for $8,500,000. On the date of signing the contract between the two companies, the directing manager of EuroLease told the representative from South British Company the following:
“It is interesting that you would want to lease these high-tech panels at this time. As you know these are specialized equipment that only a few companies worldwide can use. However, an American company called New York Solar leased the exact same panels today. Their lease term agreements are the same as yours. The only difference is that South British Company is located in the United Kingdom, while New York Solar is located in the United States.”
1. Discuss some of the challenges that face accountants worldwide when conducting international transactions.
2. Discuss the major difference GAAP and IFRS.
3. With respect to leasing the high-tech panels, describe the amount and nature of expense that South British Company and New York Solar will record for the year 2015.
4. If South British Company and New York Solar had the choice to select accounting standards to use for this lease transaction, which standards would provide the most benefit to each company? Your discussion should focus only on how choosing a set of standards would affect the leasing situation that is mentioned above.


Click Order now to have a similar paper completed for you by our team of Experts.

How to Place an Order 

Send the assignment details such as the instructions, due date/deadline, number of pages and college level to the customer support agent online on live chat,  fill in the assignment details at place an order or send the information to our email address and a customer support agent will respond to you immediately. 

Once you place your order, we choose for you the best and competent writer for your assignment based on each writer’s competence in handling a subject. 

When the homework is completed, we have a quality assurance team that proofreads the assignment to ensure it meets the required rubric instructions from your professor.

After thorough review of your assignment, we send the paper to the client. In case you need any changes at this point, you can let us know so that we can handle it for you at no extra charge. 

Homework Help Website

Why we should write your Paper 

  1. Money Return guarantee
  2. 0% Plagiarism Rate
  3. Guaranteed Privacy
  4. Written from scratch by highly qualified writers 
  5. Communication at Any Time (24/7)
  6. Flexible Pricing and Great Discount Programs
  7. Timely Deliveries
  8. Free Amendments
Looking for a similar assignment and in urgent need for help? Place your order and have excellent work written by our team of professionals to ensure you acquire the best grades.

  We are here to assist you.


Statistics about Us

130 New Projects
235 Projects in Progress
315 Inquiries
420 Repeat clients

© 2021 Premiered Tutorials
All rights reserved. We provide online custom written papers, such as term papers, research papers, thesis papers, essays, dissertations and other custom writing services.

All papers inclusive of research material are strictly intended to be used for research and study purposes only. Premiered Tutorials does not support or condone plagiarism in any form. These custom papers should be used with proper reference.

Place an Order
error: Content is protected !!