FO. Sa on January 1, 2016. MTEX Company inases a feet of stock delivery vatices from Wwer Motorn, Inc Click to view the Readers okte con to the Future Value of $1 table Cho then to view the future Value of Orary Annuity table Click the icon to vw the future of an Annuity Date Click the icon to the $1 tablo Cick the oro wow the in Ordinary Annuity Click to view the an Amy Dute Requirement Compute the annual rent payment needed to ensure that the company recovers the far eve of the vehicle the present and how weats Sommer tot for your continuing protest and related of the form methodus facramenta rounded to five den XXXX Round your tratantworten The payment needed (Click the icon to view the Future Value of an Annuity Due table.) (Click the icon to view an Annuity Due table.) rent payment needed to calculation. If using prese Requirements and future value tables, the formula me x places, XXX Round your first and a. Compute the annual rent payment needed to ensure that the lessor company recovers the fair value of the vehicles b. Compute the present value of the lease paymefts using this new payment (exclude the guaranteed residual value from this part of the problem). c. Prepare the amortization table required for the entire term. Use the new payment and guaranteed residual value. Print Done Question ny leases a fleet of stock delivery vehicles from Waller Motors, Inc. e ferma) Click the icon to view the Future Value of $1 table.) (Click the icon to view the Future Value of an Ordinary Annuity table.) (Click the icon to view the Future Value of an Annuity Due table.) (Click the icon to view the $1 tabia) (Click the icon to view the an Ordinary Annuity table (Click the icon to view the an Annuity Due table.) vt payment needed to ulation. If using preso More Info and future value tables, the formula meth places, XXXXX. Round your finale Under the terms of the lease, MTEK must pay $60,000 on January 1 of each year, beginning on January 1, 2018, over a 4-year term. The delivery vehicles have a useful life of 4 years. MTEK depreciates similar vehicles that it owns using the straight-line method. MTEK's incremental borrowing rate is 10%, and the 3% implicit rate in the lease is known to the lessee. The vehicles cost Waller Motors $220,000 and have a fair value of $229,717. Waller has no uncertainties as to future costs and collection. The lease terms do not contain a transfer of ownership. and there is no purchase option. The lease contains a guaranteed residual value of $17,000. The lessee guarantees the residual value. Assume that there are neither initial direct costs nor nonlease components related to the lease agreement. Print Done ck Check Answer FO. Sa on January 1, 2016. MTEX Company inases a feet of stock delivery vatices from Wwer Motorn, Inc Click to view the Readers okte con to the Future Value of $1 table Cho then to view the future Value of Orary Annuity table Click the icon to vw the future of an Annuity Date Click the icon to the $1 tablo Cick the oro wow the in Ordinary Annuity Click to view the an Amy Dute Requirement Compute the annual rent payment needed to ensure that the company recovers the far eve of the vehicle the present and how weats Sommer tot for your continuing protest and related of the form methodus facramenta rounded to five den XXXX Round your tratantworten The payment needed (Click the icon to view the Future Value of an Annuity Due table.) (Click the icon to view an Annuity Due table.) rent payment needed to calculation. If using prese Requirements and future value tables, the formula me x places, XXX Round your first and a. Compute the annual rent payment needed to ensure that the lessor company recovers the fair value of the vehicles b. Compute the present value of the lease paymefts using this new payment (exclude the guaranteed residual value from this part of the problem). c. Prepare the amortization table required for the entire term. Use the new payment and guaranteed residual value. Print Done Question ny leases a fleet of stock delivery vehicles from Waller Motors, Inc. e ferma) Click the icon to view the Future Value of $1 table.) (Click the icon to view the Future Value of an Ordinary Annuity table.) (Click the icon to view the Future Value of an Annuity Due table.) (Click the icon to view the $1 tabia) (Click the icon to view the an Ordinary Annuity table (Click the icon to view the an Annuity Due table.) vt payment needed to ulation. If using preso More Info and future value tables, the formula meth places, XXXXX. Round your finale Under the terms of the lease, MTEK must pay $60,000 on January 1 of each year, beginning on January 1, 2018, over a 4-year term. The delivery vehicles have a useful life of 4 years. MTEK depreciates similar vehicles that it owns using the straight-line method. MTEK's incremental borrowing rate is 10%, and the 3% implicit rate in the lease is known to the lessee. The vehicles cost Waller Motors $220,000 and have a fair value of $229,717. Waller has no uncertainties as to future costs and collection. The lease terms do not contain a transfer of ownership. and there is no purchase option. The lease contains a guaranteed residual value of $17,000. The lessee guarantees the residual value. Assume that there are neither initial direct costs nor nonlease components related to the lease agreement. Print Done ck Check
