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Date Page Computing, tease Llobility Lessee company enters into a 6-year finance lease of non- specialized equipment with Lessor Company on January 1, 2020. Lessee

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Date Page Computing, tease Llobility Lessee company enters into a 6-year finance lease of non- specialized equipment with Lessor Company on January 1, 2020. Lessee has agreed to pay $ 44800 annually beginning immediately on January 4, 2020. the lessor estimates the residuel volve of the oquipment to be $8000 at lease endo but the lessee has not guaronteed the residual volue. The economic Life of the lassestis 7 years. The lessee's incrementel borrowing Rote is 7olo and the lessoris implicit Rate is hote readily determinable by the lessee company, what is the velle of the lease liability on January 1 20264 assuming that the lease is properly Classified ces a finance lease? Date Page Computing, tease Llobility Lessee company enters into a 6-year finance lease of non- specialized equipment with Lessor Company on January 1, 2020. Lessee has agreed to pay $ 44800 annually beginning immediately on January 4, 2020. the lessor estimates the residuel volve of the oquipment to be $8000 at lease endo but the lessee has not guaronteed the residual volue. The economic Life of the lassestis 7 years. The lessee's incrementel borrowing Rote is 7olo and the lessoris implicit Rate is hote readily determinable by the lessee company, what is the velle of the lease liability on January 1 20264 assuming that the lease is properly Classified ces a finance lease

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