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Blade Bladey Co . leases computer equipment to customers. the equipment has no residual value at the end of the lease and the leases do

Blade Bladey Co. leases computer equipment to customers. the equipment has no residual value at the end of the lease and the leases do not contain bargain purchase options. Glade Glade wishes to earn 9% interest on a 8-year lease of buses with a fair value of $456,200. The present value of an annuity due to $1 at 9% for 8 years is 3.181.(a)what is the total amount of interest revenue that Bladey will earn under a direct financing lease (b)What is the selling price if the lease was a sales type lease

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