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Compute the amount of the lease receivable at the inception of the lease. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and

Compute the amount of the lease receivable at the inception of the lease.(Round present value factor calculations to 5 decimal places, e.g. 1.25124 and Round answers to 2 decimal places, e.g. 16.25.)

Lease receivable at inception$

Prepare a lease amortization schedule for Blue Leasing Company for the 5-year lease term.(Round answers to 2 decimal places, e.g. 16.25.)

BLUE LEASING COMPANY (Lessor)

Lease Amortization Schedule

Date

Annual Lease Payment Plus

BPO

Interest on Lease

Receivable

Recovery of Lease

Receivable

Lease Receivable

5/1/17$

$

$

$

5/1/17$

$

$

5/1/18

5/1/19

5/1/20

5/1/21

4/30/22

$

$

$

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