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Exercise 15-24 (Algo) Calculation of annual lease payments; residual value [LO15-2, 15-6] Each of the four independent situations below describes a finance lease in which

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Exercise 15-24 (Algo) Calculation of annual lease payments; residual value [LO15-2, 15-6] 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 lessor's implicit rate of return. Note: Use tables, Excel, or a financiol calculator. (FV of \$1, PV of \$1, EVA of \$1. PVA of \$1, EVAD of S1 and PVAD of S1) 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 llability, for each of the above situations. Note: Round your answers to the nearest whole dollar amount. Required: \& b. Determine the amount of the annual lease payments as calculated by the lessor and the amo ight-of-use asset and a lease liability, for each of the above situations. Note: Round your answers to the nearest whole dollar amount

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