otrud 92691 on nimi 9361129191ni ad won 1. Financing Type Lease - Lessee. On January 1st, 2019 Brook Paving Co leased a road-paving machine from Caterpillar Co. for 7 years, with annual payments of $506,986 due at the signing of the lease, and then at December 31st for the next 6 years. The equipment had normal sales price of $6,000,000. The interest rate implicit in the lease is 6%. At the end of the lease, title to the equipment transfers to Asphalt Paving Co. The estimate useful life of the be equipment was 10 years, after which its salvage value was expected to be CLOSE 19 mgo90 $50,000. 25 991269) nobis a. Calculate the present value of future lease payments neb. Under which of the 5 tests does this arrangement qualify as al .A -a s tobom financing type lease note that their could be more than one)? 591 bear C. Prepare the first three lines of the amortization table that would be 21 h 2915 used by both the lessee and the lessor quipe ani slunsm Sibilan d. Record the journal entries Brook would make for this lease on 022 boyo January 1, 2019 694 8 a 9 1920 19206553 To 9157 129191ni e. How much depreciation expense Brook would record in 2019? 291 norw, wong 03 5165 W 659 1512 16 Tingmysg 90 91 sluols