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MM 22.2020.89;34 PM Question 3 View Policies Show Attempt History Current Attempt in Progress Three different lease transactions are presented for Enterprises. Assume that lease Juwary t. 2021, Crane does not receive title to the properties. either during the term or at the end of it _ The for of the on January I starting on January I, 2021. Crane Enterprises prepares its financial statements using ASPE. Manufacturing Lease term Estimated economic life Yearly rental payment Fair market value of leased asset Present value of lease rental payments Equipment 5 years 512.730 Vehicles Equipment 6 years years $15,719 "6.400 33790