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Exercise 15-10 (Algo) Lessor calculation of annual lease payments; lessee calculation of asset and liability [LO15-2] Eoch of the three independent situations below describes o

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Exercise 15-10 (Algo) Lessor calculation of annual lease payments; lessee calculation of asset and liability [LO15-2] Eoch of the three independent situations below describes o finance lease in which annual lease payments are payoble at the end of each year The lessee is aware of the lessor's implicit rate of retum. Note: Use tables, Excel, or a financial calculator. (EV of S1. PV of S1. FVA of S1. PVA of S1. EVAD of S1 and PVAD of S1) Required: a. 8 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 liabality, for each of the obove situations Note: Round your answers to the nearest whole dollar

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