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In a sales type lease for the lessor and finance lease for the lessee, annual lease payments of $100,000 are payable at the beginning of

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In a sales type lease for the lessor and finance lease for the lessee, annual lease payments of $100,000 are payable at the beginning of each year. The lease term is 7 years. The residual value is $30,000, which is not guaranteed by the lessee. No other information is relevant. What of the following is correct? The lessee's Lease payments is $730,000. O The lessor's Gross investment in the lease in the lease is $700,000. O The lessor's Net investment in the lease is $730,000. The lessor's Gross investment in the lease is $730,000. G

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