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Blossom Corp. is a manufacturer of truck trailers. On January 1 , 2 0 2 5 , Blossom leased ten trailers to Nash Company under
Blossom Corp. is a manufacturer of truck trailers. On January Blossom leased ten trailers to Nash Company under a fiveyear
noncancelable lease agreement. The following information about the lease and the trailers is provided:
Equal annual payments that are due on January each year provide Blossom with an return on net investment the
present value factor on an annuity due for periods at is The first payment will be made January
Titles to the trailers pass to Nash at the end of the lease.
The fair value of each trailer is $ The cost of each trailer to Blossom is $ Each trailer has an expected useful life
of nine years.
Collectibility of the lease payments is probable.
Click here to view factor tables.
make an amortizaiton table for this please
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