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On December 31, 2021, MC Corporation Bessed a plane from Sierra Company for a seven-year period expiring December 31, 2028 Equal annust payments of $450.000
On December 31, 2021, MC Corporation Bessed a plane from Sierra Company for a seven-year period expiring December 31, 2028 Equal annust payments of $450.000 are due on December 31 of each year, beginning with December 31, 2021 The lease is properly classified as a finance lease on JM's books The present value at December 31, 2021 of the eightlease payments over the lease term discounted 10% is 12.540792. Assuming the first payment is made on time, the amount that should be reported by JMC Corporation as the less listy on its December 31, 2021 bulance sheets A 12.190792 OB 52640790 OC 2376714
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