consider $340,000 as lease payment

attend only you are sure about the answer

Each of the four independent situations below describes a sales-type lease in which annual lease payments or are payable at the beginning of each year . Each is a finance lease for the lessee. (FV of $1. PV of $1, FVA of $1. PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Situation Lease term (years) Lessor's and lessee's interest rate Residual values Estimated fair value $50,000 $8,000 $50,000 Guaranteed by lessee 8 0 $8,000 $60,000 7 98 2 7 115 8 108 8 128 0 Determine the following amounts at the beginning of the lease. (Round your intermediate and final answers to the nearest whole dollar amount.) Situation A The lessor's: 1. Loase payments 2. Gross investment in the lease 3. Net investment in the lease The lessee's: 4. Lease payments 5. Right-of-use asset 6. Lease payable B