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consider $ 356000 as lease payment provide100% correct answer Each of the four independent situations below describes a sales-type lease in which annual tease payments
consider $ 356000 as lease payment provide100% correct answer
Each of the four independent situations below describes a sales-type lease in which annual tease payments on are payable at the beginning of each year. Each is a finance lease for the lessee. (FV of S1, PV of $1, FVA of SI. PVA of S1, FVAD of S1 and PVAD OF 51) (Use appropriate factor(s) from the tables provided.) situation 7 98 7 115 3 12 Lease term (years) Lessor and lessee's interest rate Residual values Estimated Enir value Guaranteed by losses 8 100 $8,000 50,000 $50,000 0 $50,000 360,000 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. Losse 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 BStep by Step Solution
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