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g Technold Inc sells computer systems Technold less computers to Lone Sta Company only 2001 Theo million This noncancelable fease had the following terms Lease
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Technold Inc sells computer systems Technold less computers to Lone Sta Company only 2001 Theo million This noncancelable fease had the following terms Lease payments: $3.449,757 semiannually first payment at January 1, 2021, remaining payments at June 30 and December each year to ne 2025 Lease term: 5 years (10 semiannual payments) No residual value no purchase option Economic life of equipment 5 years - Implicit interest rate and lessee's incremental borrowing rate 8% semiannually Fair value of the computers at January 1, 2021 $25 million What is the interest revenue that Technold would report for this lease in s 2021 income statement? (Round your answer to the nearest whain dollar) Multiple Choice 53,309.979 $1724,019 None of these answer choices is correct $0 Step by Step Solution
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