ine lease agreement and related facts Indicate the following: Leased equipment had a retail cash selling price of $300,000. Its useful life was five ye The lease term is five years and the lessor paid $265,000 to acquire the equipment (th C Lessor's implicit rate when calculating annual lease payments was 8%. Annual lease payments beginning January 1. 2018, the beginning of the lease, were $ Incremental costs of commissions for brokering the lease and consummating the com the lessor were $7.500. Required