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On June 30,2024 , a company signs a lease requiring quarterly payments each year for the next three years. Each of the 12 quarterly payments
On June 30,2024 , a company signs a lease requiring quarterly payments each year for the next three years. Each of the 12 quarterly payments is $29.125.09, with the first lease paymont beginning September 30 , The company's normal borrowing rate is 6%. Use PVA of S1. (Use appropriate factor(s) from the table provided.) Required: 1. Calculate the present value of the lease payments. 2. Riecord the lease on June 30,2024. Complete this question by entering your answers in the tabs below. Calculate the present value of the lease payments. (Round your ansmer to the nearest whole dollar amount.) On June 30,2024 , a company signs a lease requiring quarterly payments each year for the next three years. Each of the 12 quarterly payments is $29.125.09, with the first lease payment beginning September 30. The company's normal borrowing rate is 6%. Use PVA of S1. (Use appropriate factor(s) from the table provided.) Required: 1. Calculate the present value of the lease payments. 2. Record the lease on June 30,2024 . Complete this question by entering your answers in the tabs below. Recond the lease on June 30,2024 , (If no entry is required for a particular transactionvevent, select "No Jeumal Entry Required" in the frrst account field.)
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