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i need the answer quickly Date Page Computing lease Lobility Lessee compeny entesa into a 6-year finence lease of non- specialized equipment with Lessor Company
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Date Page Computing lease Lobility Lessee compeny entesa into a 6-year finence lease of non- specialized equipment with Lessor Company on January 1, 2020. Lessee has agreed to pay $ 44800 annually beginning immediately on January 4, 2030. The lessor estimates the residued volve of the oquipment to be $8000 at lease end. but the lessee has not guaranteed the residual volue. The economic Life of the lassest is 7 years. The lessee's incrementel borrowing Rote is 7olo and the lessoris implicit Rote is note readily determinable [by the lessee Company what is the velle of the lease liability on January 1 2020, lassuming that the lease is properly classified as a finance leaseStep by Step Solution
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