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help me to complete yellow spaces Tropical products inc. is in the process of negotiating a lease of equipment with a fair value of $120,000,

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Tropical products inc. is in the process of negotiating a lease of equipment with a fair value of $120,000, and it must determine the proper lease classification. The following table describes four scenarios under negotiation. Option 4 No $24,000 purchase option, considered a discounted price. 3No$26,400No Unknown to lessee 8% End of period Classifying Leases Tropical Products inc. is in the process of negotiating a lease of equipment with a fair value of $120,000, and is must determine the proper lease class fication. The following table describes four Tropical Products Inc. is in the process of negotiating a lease of equipment with a fair value of $120,000, and it must determine the proper lease classification. The following table describes four scenarios under negotiation. Tropical Products Inc. is in the process of negotiating a lease of equipment with a fair value of $120,000, and it must determine the proper lease classification. The following table describes four scenarios under For each of the four options, determine whether the lessee would classify the lease as operating or finance. Lease type for Option One: Lease type for Option Two: Lease type for Option Three: Lease type for Option Three Lease fype for Option Four. Tropical products inc. is in the process of negotiating a lease of equipment with a fair value of $120,000, and it must determine the proper lease classification. The following table describes four scenarios under negotiation. Option 4 No $24,000 purchase option, considered a discounted price. 3No$26,400No Unknown to lessee 8% End of period Classifying Leases Tropical Products inc. is in the process of negotiating a lease of equipment with a fair value of $120,000, and is must determine the proper lease class fication. The following table describes four Tropical Products Inc. is in the process of negotiating a lease of equipment with a fair value of $120,000, and it must determine the proper lease classification. The following table describes four scenarios under negotiation. Tropical Products Inc. is in the process of negotiating a lease of equipment with a fair value of $120,000, and it must determine the proper lease classification. The following table describes four scenarios under For each of the four options, determine whether the lessee would classify the lease as operating or finance. Lease type for Option One: Lease type for Option Two: Lease type for Option Three: Lease type for Option Three Lease fype for Option Four

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