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D Question 15 3pts 15. Karla Salons leased equipment from Smith Co. on July 1, 2021, in a finance lease. The present value of the
D Question 15 3pts 15. Karla Salons leased equipment from Smith Co. on July 1, 2021, in a finance lease. The present value of the lease payments discounted at 10% was $81,100. Ten annual lease payments of $12.000 are due each year beginning July 1, 2021. Smith Co. had constructed the equipment recently for $66,000, and its retail fair value was $81,100. The total decrease in earnings (pretax) in Karla's December 31, 2021, income statement would be: O $9,000. O $5,000. $8,400. O $7,510
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