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Each of the four independent situations below describes a sales-type lease in which annual lease payments of $195,000 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 $195,000 are payable at the beginning of each year. Each is a finance lease for the lessee. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Situation 101 120 Lease ten years) Lessor's and lessee's interest rate Residual values Estimated fair value Guaranteed by lessee $69,000 $9,900 $9,900 $69,000 $79,000 Determine the following amounts at the beginning of the lease: (Round your intermediate and final answer to the nearest whole dollar amount.) Situation 1 2 The lessor's 1. Total lease payments 2. Gross investment in the lease 3. Net investment in the lease B The lessee's 4. Total lease payments 5. Right-of-use asset 6. Lease ability
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