2- (Valor 10 puntos) On January 1, 2017, XYZ Company signed an 8 year case agreement for equipment Annualments are $2R 500, to be made at the beginning of cach year. At the end of the lease the squirment will revent to the lessor. The equipment has a useful life of 8 years and has no al value At the time of the lease agreement, the equipment has a fair value of $166.000. An interest rate of 10.5% ($14,332) and straight-line depreciation are used. Step 1: Identify the type of lease (Capital or Operating Lease) Conclusion: Step 2: Journal entries January 1, 2017 December 31, 2017 1-Depreciation Expense 2-Interest Expense GENERAL JOURNAL PAGE 1 DATE PR. DEBIT DESCRIPTION CREDIT