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Each of the four independent situations below describes a sales-type lease in which annual lease payments of $100,000 are payable at the beginning of each
Each of the four independent situations below describes a sales-type lease in which annual lease payments of $100,000 are payable at the beginning of each year. Each is a finance lease for the lesseeEV of $1, PV of $1. A ors, p of Si AAD of and P AD of $1 (Use appropriate factor(s) from the tables provided.) Situation Lease term (years) Lessor's and lessee's interest rate 9% 11% 18% 12% Residual value: Estimated fair value Guaranteed by lessee $8,00 $60,e0e 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 Lease payments 2 Gross investment in the lease 3 Net inwestment in the lease $ 90,973 50,000 B The lessne's 4. Lease payments 5 rught-of-use asset 6 Lease payable
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