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Each of the four independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The

Each of the four independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The lessee is aware of the lessors implicit rate of return.
Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
Situation
1234
Lease term (years)69710
Lessor's rate of return 10%11%9%12%
Fair value of lease asset $ 58,000 $ 358,000 $ 83,000 $ 473,000
Lessor's cost of lease asset $ 58,000 $ 358,000 $ 53,000 $ 473,000
Residual value:
Estimated fair value 0 $ 58,000 $ 15,000 $ 30,000
Guaranteed fair value 00 $ 15,000 $ 35,000
Required:
a. & b. Determine the amount of the annual lease payments as calculated by the lessor and the amount the lessee would record as a right-of-use asset and a lease liability, for each of the above situations.
Can you please make a chart with situations 1-4 on the left and Lease Payments, Residual Value guarantee, PV of lease payments, PV of residual value guarantee, and Lease Liability as columns. This is the same setup as similar questions uploaded to chegg. Thank You!!

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