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On March 1 of the current year, Stafford Corporation leased equipment under a six-year noncancellable lease. The estimated economic of the equipment is nine years.

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On March 1 of the current year, Stafford Corporation leased equipment under a six-year noncancellable lease. The estimated economic of the equipment is nine years. The fair value of the equipment is 5740,000. The lease does not contain a bargain purchase option of a transfer of lite Stafford must classify this lease as a capital lease if the present value of the minimum lease payments is at least OA. $555,000 O B. $666,000 OC. $740,000 OD. $370,000 StatMed Corporation leases medical equipment under a five year capital lease. The terms of the lease call for five equal payments of $21,000, with the first payment due at the inception. The interest rate implicit in the lease is 13%. At what value is the leased equipment recorded at the inception of the lease? O A. $83.464 O B. $105,000 OC. $73,862 OD. $21.000

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