Johnson & Johnson enters a contract to lease machinery from a lessor the following parLease term $($years$)4$

Annual lease payment $$93,000$

Implicit annual interest rate $10\%$

Guaranteed residual value $$49,000$

Expected residual value $$38,000$ameters

the first payments will e made on the first day of the lease

what amount should Johnson & Johnson record as the inital lease liability before the first payment is made?

Pay attention to the residual!

A$.324,277\mathrm{.}24$

B$.331,790\mathrm{.}38$

C$.302,310\mathrm{.}63$

D$.357,744\mathrm{.}89$