3. Which of the following would be included in the Lease Receivableaccount? I. Guaranteed residual value. II. Unguaranteed residual value. III. Rental payments. (1) I and III only. (2) II and III only. (3) I and II only. (4) I, II, and III. 4. If the lease agreement requires the Lessee to return the leased subject matter to the Lessor on the expiration date of the lease, the number of years of depreciation taken by the Lessee in respect of the useable assets shall be: (1) Depreciation based on the lease term. (2) Depreciation is calculated according to the remaining economic life of the underlying asset. (3) The lower is the remaining economic life or the lease term of the underlying asset The old (4) According to the remaining economic life or lease term of the underlying asset is higher The old 5. The Company leased an office building to The Ren 'ai Company on January 1, 2018 for a period of 6 years with a fixed rent of $150,000 at the beginning of each year. At the end of the term of the lease, Ren 'ai company shall return the leased object to Zhongxiao Company without warranty of salvage value. Zhongxiao's lease has an implied interest rate of 8 per cent (which Ren Ren is not aware of); Increase of Mercy Company The interest rate is 10%. 8%, the present value factor of 5-year ordinary annuity is 3.99271; 10%, 5 The present value factor of annual ordinary annuity is 3.79079. The amount of assets to be recognized as the right of use by Ren Ai on January 1, 2018 is: (1), 568619 (2), 598907 (3), 718619 (4), 748907 6. As mentioned above, if Chung hsieh requires Benevolence to restore the property to its original condition at the end of the lease, the estimated restoration cost on the commencement date of the lease will be $60,000. In addition, Benevolence will pay the housing agency a referral fee of $5,000. The depreciation expense that Ren Ai should recognize in 2018 is: (1) 135,651 (2)130,603 (3) 119,770 (4) 105,603 7. Which of the following statements about finance lease is correct: (1) The fixed lease payment received annually under a finance lease shall be regarded as rental income. (2) Direct finance lease and manufacturer and dealer finance lease will generate gross profit (loss) on the lease commencement date. (3) The annual recognized interest income of direct finance lease is the same as that of manufacturer and dealer finance lease. (4) The original direct costs incurred by direct finance lease and manufacturer and dealer finance lease are recognized as expenses on the lease commencement date. 8. What is wrong with the statement of manufacturer and dealer finance lease: (1) the leased assets should be excluded. Fair value is recognized as sales income. (2) It shall be the leased asset (3) The amount of the lease amount receivable by the lessor shall be the same regardless of whether there is an unguaranteed residual value. (4) The gross profit on sales will be the same regardless of unguaranteed salvage value.