Question
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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