2021FA-10107 X Launch Meeting - Zoom Home | Chegg.com sessment/take/take.jsp?course_assessment_id=_386461_1&course_id=_146656_1&content_id=_8009101_1&question_num_10.x=0&to... + ompletion This test can be saved and resumed at any point until time has expired. The timer will continue to run if you leave the test. Your answers are saved automatically. maining Time: 1 hour, 56 minutes, 38 seconds. uestion Completion Status: Moving to another question will save this response. Question 10 >> 1 points Save Answer Liberty Diner leased restaurant equipment at an interest rate of 6% per annum. The lease term is eight months with monthly payments of $20,000 due at the end of each month. Present value of the lease payments is $158,000. Liberty elected the short-term lease option. What is the effect of the lease on Uberty's earnings during the eight-month term (ignore taxes)? a. An expense of $20,000 initially and $20,000 at the end of 7 months. Ob.An initial expense of $160,000 Interest expense and amortization expense during 8 months that will each sum up to be $158.000. Od-No expense within the 8-month period. Oe. An expense of $20.000 at the end of each of the 8 months. Moving to another question will save this response to search Question 10 of 24 >>> 70F 6-08 PM 10/29/2021 2021FA-10107 X Launch Meeting - Zoom Home | Chegg.com sessment/take/take.jsp?course_assessment_id=_386461_1&course_id=_146656_1&content_id=_8009101_1&question_num_10.x=0&to... + ompletion This test can be saved and resumed at any point until time has expired. The timer will continue to run if you leave the test. Your answers are saved automatically. maining Time: 1 hour, 56 minutes, 38 seconds. uestion Completion Status: Moving to another question will save this response. Question 10 >> 1 points Save Answer Liberty Diner leased restaurant equipment at an interest rate of 6% per annum. The lease term is eight months with monthly payments of $20,000 due at the end of each month. Present value of the lease payments is $158,000. Liberty elected the short-term lease option. What is the effect of the lease on Uberty's earnings during the eight-month term (ignore taxes)? a. An expense of $20,000 initially and $20,000 at the end of 7 months. Ob.An initial expense of $160,000 Interest expense and amortization expense during 8 months that will each sum up to be $158.000. Od-No expense within the 8-month period. Oe. An expense of $20.000 at the end of each of the 8 months. Moving to another question will save this response to search Question 10 of 24 >>> 70F 6-08 PM 10/29/2021