ministration / ADMN2107N22W/ Tests and Exams / Comprehensive Exam -1 out of Alessee company signed a lease for equipment from a lessor on January 1 Year 1. The lease requires equal rental payments of $43,810 at the beginning of each year of the term. The PV of the lease payments is $253,620. The company Days all executory costs directly to third parties. The appropriate interest rate is 12.73%. Assume IFRS 16 applies. Both the lessor and lessee have December 31 year ends How much total revenue will be recorded by the lessor in its books in Year 1 in relation to this lease assuming (1) the fair value of the equipment equals the PV of the lease payments and (2) the lessor is a leasing company? If applicable, include interest, sales, and rent in the revenue calculation a $28.044 b. $29,380 $27,377 d. $28,712 e $26.709 Net page ple Out Jump to . Chapter 13 Slides Ghimire (Logout)