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Old MathJax webview consider $465000 as lease payment. Provide correct answer only . don't consider already filled figures Each of the four independent situations below
Old MathJax webview
consider $465000 as lease payment. Provide correct answer only .
don't consider already filled figures
Each of the four independent situations below describes a sales-type lease in which annual lease payments organa, pronace payable at the beginning of each year. Each is a finance lease for the lessee. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $9 (Use appropriate factor(s) from the tables provided. ) 1 4 Situation 2 3 6 7 14% 10% 6 7 11% 12% Lease tern (years) Lessor's and lessee's interest rate Residual value: Estimated fair value Guaranteed by lessee o 0 $55,000 $8,500 $55,000 0 $8,500 $65,000 Determine the following amounts at the beginning of the lease: (Round your intermediate and final answer to the nearest whole dollar amount.) Situation 1 2. 4 A The lessor's 1. Total lease payments 2. Gross investment in the lease $750,000 $750,000 $875,000$ 875,000| 750,000 805,000/883500 940,000 575,507 579,192 673,7707 685,125 3. Net investment in the lease B. The lessee's 4 Total lease payments 15. Right-of-use asset 6. Lease liability 750,000| 750,00 875,00 575,597 554,135 575,597 554,135Step by Step Solution
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