P Parents.com Kroger - Digital Coupo... Free Printable Grocery - Message Up to 50% Off Sale Homework [due day 7] Sawd Help Save & Exit Submit Check my work Each of the four independent situations below describes a sales-type lease in which annual lease payments of $11,000 are payable at the beginning of each year. Each is a finance lease for the lessee. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Situation 2 3 6 6 7 2 115 119 4 6 6. 6 119 114 Lease term (years) Asset's useful life (years) Lessor's implicit rate (known by lessee) Residual value: Guaranteed by lessee Unguaranteed Purchase option: After (years) Exercise price Reasonably certain? 0 0 $ 4,400 0 $ 2,200 $ 2,200 0 $ 4,400 none n/a n/a $ 7,200 no $ 1,200 no $ 3,200 yes Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) Situation 2 3 A The lessor's C Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) Situation 3 $ 66,000 66,000 66,000! 66,000 A. The lessor's: 1. Total lease payments 2. Gross investment in the lease 3. Net investment in the lease B. The lessee's 4. Total lease payments 5. Right-of-use asset 6. Lease liability P Parents.com Kroger - Digital Coupo... Free Printable Grocery - Message Up to 50% Off Sale Homework [due day 7] Sawd Help Save & Exit Submit Check my work Each of the four independent situations below describes a sales-type lease in which annual lease payments of $11,000 are payable at the beginning of each year. Each is a finance lease for the lessee. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Situation 2 3 6 6 7 2 115 119 4 6 6. 6 119 114 Lease term (years) Asset's useful life (years) Lessor's implicit rate (known by lessee) Residual value: Guaranteed by lessee Unguaranteed Purchase option: After (years) Exercise price Reasonably certain? 0 0 $ 4,400 0 $ 2,200 $ 2,200 0 $ 4,400 none n/a n/a $ 7,200 no $ 1,200 no $ 3,200 yes Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) Situation 2 3 A The lessor's C Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) Situation 3 $ 66,000 66,000 66,000! 66,000 A. The lessor's: 1. Total lease payments 2. Gross investment in the lease 3. Net investment in the lease B. The lessee's 4. Total lease payments 5. Right-of-use asset 6. Lease liability
