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PLEASE ANSWER A-1 THROUGH B-5! THANK YOU The Harris Company is the lessee on a four-year lease with the following payments at the end of

PLEASE ANSWER A-1 THROUGH B-5! THANK YOU

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The Harris Company is the lessee on a four-year lease with the following payments at the end of each year: Year 1: $19,500 Year 2: $24,500 Year 3: $29,500 Year 4: $34,500 ' An appropriate discount rate is 7 percentage, yielding a present value of $90,024. a-1. If the lease is an operating lease, what will be the initial value of the right-of-use asset? Initial value of the right-of-use asset I I 3-2. If the lease is an operating lease, what will be the initial value of the lease liability? Initial value of the lease liability 3-3. If the lease is an operating lease, what will be the lease expense shown on the income statement at the end of year 1? Lease exnense a-4. If the lease is an operating lease. what will be the interest expense shown on the income statement at the end of year 1? (Leave no cells blank - be certain to enter \"0\" wherever required.) Interest expense - a-5. If the lease is an operating lease, what will be the amortization expense shown on the income statement at the end of year 1? (Leave no cells blank - be certain to enter \"0" wherever required.) Amortization expense - b-1. If the lease is a finance lease, what will be the initial value of the right-of-use asset? Initial value of the right-of-use asset b-2. If the lease is a finance lease, what will be the initial value of the lease liability? Initial value of the lease liabilityb-3. If the lease is a finance lease, what will be the lease expense shown on the income statement at the end of year 1? (Leave no cells blank - be certain to enter "O" wherever required.) Lease expense b-4. If the lease is a finance lease, what will be the interest expense shown on the income statement at the end of year 1? (Round your answer to the nearest dollar amount.) Interest expenseb-5. If the lease is a finance lease, what will be the amortization expense shown on the income statement at the end of year 1? (Round your answer to the nearest dollar amount.) Amortization expense

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