October 30, 2016 admin

Rent and Equivalent

Financial Statement Preparation
RENT AND EQUIVALENT
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2021 2020 – Page 6 – Rent and Equivalent
Net Rent or Equivalent Depreciation & Amortization Insurance - Building Tax-Real Estate Maintenance Building

Net Rent or Equivalent

Rent and lease expense of buildings used in dealership business. Also post Quick Lane Rent & Lease Expenses Account 8305.

Depreciation & Amortization

Depreciation of buildings and improvements used in dealership business; amortized of leasehold improvements. Also post Quick Lane Bldg Improvements Account 8345, and Quick lane Amort. of Improvements Account 8365.

Insurance - Building

Insurance on Buildings and improvements used in dealership business. Also post Quick Lane Insurance Building Account 8385.

Tax-Real Estate

Real estate taxes on property and buildings used in dealership business. Also post Quick Lane Taxes Real Estate Account 8405.

Maintenance Building

Maintenance costs for property and buildings used in dealership business. Also post Quick Lane Maintenance Building Account 8425

8420 8400 8380 8360 8340 8320 8300 Maintenance-Building Tax-Real Estate Insurance-Building Depreciation and Amortization Rent and Equivalent