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Each of the four independent situations below describes a sales - type lease in which annual lease payments of $ 1 0 0 , 0
Each of the four independent situations below describes a salestype lease in which annual lease payments of $ are payable at the beginning of each year. Each is a finance lease for the lessee. Determine the following amounts at the beginning of the lease:
A The lessor's
Lease payments
Gross investment in the lease
Net investment in the lease
B The lessec's
Lease payments
Rightofuse asset
Lcase liability
tableSituationLease term yearsLessors and lessee's interest rate,
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