On December 31, 2024, Wildhorse Company leased machinery from Sandhill Corporation for an agreed-upon lease term of 3 years. Wildhorse agreed to make annual lease payments of $15,000, beginning on December 31, 2024. The expected residual value of the machinery at the end of the lease term is $8,000, though Wildhorse does not guarantee any residual value to Sandhill. What amount will Wildhorse record as its lease liability on December 31, 2024, if its incremental borrowing rate is 5% and the implicit rate of the lease is unknown? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to 0 decimal places, e.g. 5,275.) Click here to view factor tables. Lease liability Accountil Questi Accounti Questi Accountin Questi Accountir Viewin 15

On December 31,2024 , Wildhorse Company leased machinery from Sandhill Corporation for an agreed-upon lease term of 3 years. Wildhorse agreed to make annual lease payments of $15,000, beginning on December 31, 2024. The expected residual value of the machinery at the end of the lease terro is $8,000, though Wildhorse does not guarantee any residual value to Sandhill. What amount will wildhorse record as its lease liability on December 31, 2024, if its incremental borrowing rate is 5% and the implicit rate of the lease is unknown? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to odedmal places, es 5,275.) Click here to view factor tables. lease liability