Theory and Analysis Coursework Example | Topics and Well Written Essays - 500 words

Theory and Analysis - Coursework Example The amount to be recorded would be either the present value or the fair market value of the asset. In this case the amount to be recorded is the present value which is calculated by discounting annuity due payments by discount rate of 8%. Amount totaled to be $86,243 in comparison to $96,000 i.e. the fair market value. b) The costs associated with the lease are taxes, insurance, maintenance and depreciation. These costs are obligatory to pay as it is considered incidental to ownership. These costs would be determined during the operations conducted by or on the property. Depreciation can be charged through straight line method. c) Lani would record lease transaction on December 31st,2006 on the balance sheet as: {Principal-[Payment-(Principal*interest percentage)]} This will give you the amount to be balanced as â€Å"Lease† in the liability section as well as provide you with the proportion of interest payment from the Annual annuity paid. CASE 13-5: Lease in order should mee t the following criteria for Doherty Company to classify it as a capital lease: Firstly, the lease should transfer ownership of the good to the lessee at the end of the lease term. Also, it should be noncancelable plus renewal options and periods should be attached.

To what extent has the development of the European Security and Essay

To what extent has the development of the European Security and Defence Policy (ESDP) made the European Union (EU) a strategic actor - Essay Example s, a creation of new governmental institutions, a great exchange of ideas, policies and approaches to national and international security and defense. Webber et al. assert that â€Å"the Europeanisation of security has been the great political revolution of the late twentieth and early twenty-first centuries† (19). One of the outcomes of the process, which is considered to be of a great importance, is the innovative European Security and Defense Policy (ESDP). This paper is aimed to discuss the role of the ESDP development process in a building of European security competence and in a strengthening the role of the European Union (EU) in the context of the world security and defense policy. During the period of the Cold War, prior to 1999, the EU played a quite passive role in the own security area. According to the terms of a settlement, made in the early 1950s between the US and the Western European Union (WEU), the EU was a civilian institution, while the responsibility to assure security in Europe was laid upon NATO and WEU (Deighton, 720). In 1990s immense changes shook the Europe, forcing the EU to adapt to these historical changes. The fall of the Berlin Wall and re-uniting of Germany, the break-up of the Soviet Union and the end of the Iron Curtain, the collapse in Yugoslavia and the Balkan War – there are one of the major events of 1990s that changed the old European coordinate system. Since 1991 the role of NATO in the European security has been questioned, and in 1994 the European security and defence identity concept (ESDI) was developed as â€Å"a framework for combined joint task forces, coalitions of the willing for military security provision† (Deighton, 724). In 1997 the EU member states signed the Amsterdam Treaty, which provided the basis of development of a Common Foreign and Security Policy (CFSP), of which European Security and Defense Policy (ESDP) is a significant integral part. The political push for this progress was made by France and