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A lease agreement that qualifies as a finance lease cals for annual lease payments of $30,000 over a fiveyear lease term falso the asset's useful

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A lease agreement that qualifies as a finance lease cals for annual lease payments of $30,000 over a fiveyear lease term falso the asset's useful life), with the first payment at January 1 , the beginning of the lease. The interest rate is 4%. DV of $1, PV of $1. EVA of $1. PVA of S1, EVAD of S1 and PVAD of S1) (Use appropriate factor(s) from the tables provided.) Required: 0. Complete the amortization schediule for the first two payments. b. If the lessee's fiscal year is the calendar year, what would be the amount of the lease liability that the lessee would report in its balance sheet at the end of the first year? What would be the interest payable? (x) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Complete the amortization schodule for the first two payments. (Enter all amounts as ponitive values. Round your answers to the nearest whole dollab Required: a. Complete the amortization schedule for the first two payments. b. If the lessee's fiscal year is the calendar year, what would be the amount of the lease liability that the lessee would report in its balance sheet at the end of the first year? What would be the interest payable? $ Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Complete the amortization schedule for the first two payments. (Enter all amounts as positive values, Round your answers to the nearest whole dollar.)

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