1. Ib FW Saved Help Save 9 Each of the four Independent situations below describes a sales-type lease in which annual lease payments of $16,000 are payable at the beginning of each year, Each is a finance lease for the lessee. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 4 Situation 2 4 4 5 5 110 110 4 7 118 110 0 Lease term (years) Asset's useful life (years) Lessor's implicit rate (known by lessee) Residual value Guaranteed by lessee Unguaranteed Purchase option After years) Exercise price Reasonably certain? $6,400 0 $3,200 $3,200 0 $6,400 none n/a n/a $8.200 no $2,200 no $4,200 yes Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar) Situation 3 A. The lessor's: 1. Lease payments 2. Gross investment in the lease 3. Net investment in the lease B. The lessee's 0 0 $6,400 0 $3,200 $3,200 $6,400 9 A. Guaranteed by lessen Unguaranteed Purchase options After (years) Exercise price Reasonably certain none n/a n/a 3 $8,200 no 4 $2,200 no $4,200 yes Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) Situation 3 A. The lessor's: 1. Lease payments 2. Gross investment in the lease 3. Net investment in the lease B. The lessee's 4. Lease payments 5. Right-of-use asset 6. Lease payable 1. Ib FW Saved Help Save 9 Each of the four Independent situations below describes a sales-type lease in which annual lease payments of $16,000 are payable at the beginning of each year, Each is a finance lease for the lessee. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 4 Situation 2 4 4 5 5 110 110 4 7 118 110 0 Lease term (years) Asset's useful life (years) Lessor's implicit rate (known by lessee) Residual value Guaranteed by lessee Unguaranteed Purchase option After years) Exercise price Reasonably certain? $6,400 0 $3,200 $3,200 0 $6,400 none n/a n/a $8.200 no $2,200 no $4,200 yes Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar) Situation 3 A. The lessor's: 1. Lease payments 2. Gross investment in the lease 3. Net investment in the lease B. The lessee's 0 0 $6,400 0 $3,200 $3,200 $6,400 9 A. Guaranteed by lessen Unguaranteed Purchase options After (years) Exercise price Reasonably certain none n/a n/a 3 $8,200 no 4 $2,200 no $4,200 yes Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) Situation 3 A. The lessor's: 1. Lease payments 2. Gross investment in the lease 3. Net investment in the lease B. The lessee's 4. Lease payments 5. Right-of-use asset 6. Lease payable