Graduate Research Papers

Availability

Graduate Research Paper (UNI Access Only)

Abstract

Pump You Up, Inc. (PYU) operates a chain of gas stations across the United States. While PYU owns the land and structures of these stations, it either purchases or leases the fuel pumps from various suppliers. Recently, PYU entered into a noncancelable lease agreement with Gassy Inc. for an additional fuel pump at one of its locations in Denver. However, due to decreased demand in the area, PYU has decided to cease using the leased fuel pump, effective January 1, 2026. As of January 1, 2024, the leased pump is classified as a Right of Use (ROU) asset with a balance of $1.1 million, matching the corresponding lease liability of $1.1 million. Despite the planned cessation of the leased pump, the company intends to continue operating the gas station and utilizing its other fuel pump.

Year of Submission

2025

Department

Department of Accounting

First Advisor

Gabriel Dickey

Date Original

1-25-2025

Object Description

1 PDF (24 pages)

Language

en

File Format

application/pdf

Download
Off-Campus Download

Comments?

Share

COinS