Brooks Company leases a machine from Chalon Company on 1/1/23. Given: Compute Chalon's 12/31/23 Lease Receivable balance

Select one:

a.$100,000

b.$15,000

c.$79,725.98

d.$83,712.28

e.$75,739.68

Asset FMV $100,000 $85,000 Asset Book Value January 1 payments Guaranteed Salvage Value $10,000 Lessee expected salvage value Implicit and incremental rates $6,000 5% Five-year lease; five-year asset FINANCE LEASE Asset FMV $100,000 $85,000 Asset Book Value January 1 payments Guaranteed Salvage Value $10,000 Lessee expected salvage value Implicit and incremental rates $6,000 5% Five-year lease; five-year asset FINANCE LEASE