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Carla Vista Leasing Company leases a new machine to Sandhill Corporation. The machine has a cost of $65,000 and fair value of $89,000. Under the

image text in transcribed Carla Vista Leasing Company leases a new machine to Sandhill Corporation. The machine has a cost of $65,000 and fair value of $89,000. Under the 3-year, nan-cancelable cantract, Sandhill will receive title to the machine at the end of the lease. The machine has a 3-year useful life and no residual value. The lease was signed on January 1, 2025. Carla Vista expects to earn an 8% return an its irmestment, and this implicit rate is known by Sandhill. The annual rentals are payable on each December 31, beginning December 31 , 2025. (b) Prepare an amortization schedule that would be suitable for both the lessor and the lessee and that covers all the years involved. (Far calculation purposes, use 5 decimal places as displayed in the foctor table provided and round final answers to 0 decimal places e.? 5,275J

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