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Inception date July 1, 2017 Annual lease payment due at the beginning of each year, starting July 1, 2017 $21,27646 Purchase option price at end

Inception date July 1, 2017 Annual lease payment due at the beginning of each year, starting July 1, 2017 $21,27646 Purchase option price at end of lease term reasonably certain to be exercised by Russell $3,900 Lease term 5 years Economic life of leased equipment 10 years Lessors cost $47,400 Fair value of asset at July 1, 2017 $89,600 Lessors implicit rate

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