options

Thefam Ortaylazad to the Union Company en 111021 for 8 years at a 10% interest rate. The lease qualifies as a finance lease. The yearly petse opto ad bey start on 1m. Farm has a book value of $125,000 on the leased asset. Assume that Farm has appropriately computed the to wa Pecenkle to be $182,006 What amount of interest Revenue" should Farm Company record at 12/31121, the end of the first year of the lease? 55150