Font Paragraph (AICTA) 8. On January 1, 20x6. Day Corp. entered into a 10- year leay agreement with Ward Inc for industrial equipment. Annual lease payments of P10,000 are payable at the end of each year. Day knows that the lessor expects a 10% return on the lease Day has a 12% incremental borrowing rate. The equipment expected to have an estimated useful life of 10 years addition, a third party, unrelated to Day, has guaranter Day's January 1, 20x6 balance sheet, the principal amount of pay Ward a residual value of P5,000 at the end of the le se bo the lease obligation was b. 61,446 c. 58,112 d. 56,502 a. 63,374 CALIDAD Rapp Co. leased a new machine to Lake Co on January 1, 2011 The lease expires on January 1, 2016. The annual rentalis 20 000. Additionally, on January 1 20x1.Lake pard P50,000 to Rapp as a lease bonus ang P25 000 as a curity deposit to be refunded upon expiration of the lease. In Rapp's 24 income statement, the amount o nental revenue should be b. 125.000 1140,000 10000 d. 90.000 SES tollane Hure Cot: bestem peranons, on January 1. 12111 program for an alles under the accrual method rr the tallment much income tax purp, Hums * nargin: on installmente de achethud Year Acontece Fantate for 2018 BOX BOCCO 10300. FOCO Enacted, comme are for 2019 and 217, therefter nere are other difendere la trs Pacem 3 balonen harek. then dergone tax ltability should be IBAND e 29 30.000 LAR 29 150.000