- 13.34 Sheridan Company leased equipment from Cheyenne Company on July 1, 2025, for an eight-year period expiring June 30, 2033. One of the lease terms is a guaranteed residual amount of $14800. The residual expected by Sheridan will be $7800. The lease meets the criteria of a finance lease. What is the residual value amount that would be included in the calculation of Sheridan's lease liability/right- of use asset? O The present value of $7000. O The residual would not be included in the calculation of the lease liability/right-of-use asset. O The present value of $7800. O The present value of $14800.