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On December 31, 2023, Reagan incorporated signed a lease with Siver Leasing Company for some equipment having a seven-year useful life. The lease payments are

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On December 31, 2023, Reagan incorporated signed a lease with Siver Leasing Company for some equipment having a seven-year useful life. The lease payments are made by Reagan annually, beginning ot signing date. Tite does not transfer to the lossee, so the equipment will be returned to the iessor on December 31, 2029. There is no purchase option, and Reagan guarantees a residual value to the lessor on termination of the lease. Reagan's lease amortization schedule appears below: What is the amount of residual value guaranteed by Reagan to the lessor? Multiple Choice Cannot be determined from the given information $34.615 What is the amount of residual value guaranteed by Reagan to the lessor? Multiple Choice Connot be determined from the given information $34,615 $36,000 $1,385

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