Which NCAA division has the most member universities?

In Selenium (Python), how can you navigate from an element (‘el’) to its parent element using XPath?

What does ‘idf’ mean in the context of tf-idf (or what is it used for).

Which of the following best describes the current status of the lawsuit, House v. NCAA?

Which of the following best describes the WNBA when it began play in 1997?

In the preview of the HBO show regarding “guarantee games,” how did one of the coaches interviewed describe these games for HBCUs?

What kind of a function ‘yields’ something (as opposed to returning something)

Which of the following was NOT one of the reasons the NBA identified for shutting down the G League Ignite?

Which politician was seen as influential in the organization of universities to settle football-related disputes in the early 1900s?

Section 7: Leases (14%) On 1/1/2012, Gerrit, Inc. enters into a 12-year non-cancellable lease for a piece of machinery owned by Verlander, Inc.  The lease calls for annual payments of $20,000, payable at the end of each year of the lease (i.e. first payment is due on 12/31/12).  At the end of the lease, the right to use the machine transfers back to Verlander.  Gerrit, Inc. declined the opportunity to purchase the machine outright for $250,000, and the economic life of the machine is believed to be 20 years.  There is also a bargain renewal option to extend the lease another 4 years for $10,000 per year.  Gerrit uses a 4% discount rate to calculate present values, and generally uses straight-line depreciation for machinery assuming no salvage value.  In addition, Gerrit Inc spends $51,000 to customize the machinery for use in their factory.  They believe that this customization has a useful life of 15 years.      Question 15) What type of lease is this, from Gerrit’s perspective, and why?      Question 16) What (if any) journal entries should Gerrit record on 1/1/2012?         Question 17) What (if any) journal entries should Gerrit record on 12/31/2013 (the end of year 2)?     Question 18) Could this lease qualify for sale and leaseback accounting treatment, if it had been sold to Verlander by Gerrit immediately before entering into the lease described above?