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Please help with last column, every answer ive tried is incorrect. Each of the four independent situations below describes a sales-type lease in which annual
Please help with last column, every answer ive tried is incorrect.
Each of the four independent situations below describes a sales-type lease in which annual lease payments of $170,000 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.) 0.5 points Situation 1 2 3 4 11% 10% 8% 12% eBook Lease term (years) Lessor's and lessee's interest rate Residual value: Estimated fair value Guaranteed by lessee 0 $64,000 $9,400 $9,400 $64,000 $74,000 Print References Determine the following amounts at the beginning of the lease (Round your intermediate and final answer to the nearest whole dollar amount.): Situation The lessor's $ $ 1,190,000 1,190,000 889,192 $ 1,190,000 1,254,000 943,236 1,360,000 1,369,400 1,060, 161 1. Lease payments 2. Gross investment in the lease 3. Net investment in the lease The lessee's 4. Lease payments 5. Right-of-use asset 6. Lease payable 1,190,000 1,360,000 1,190,000 889,192 889, 192 910.394 1,055,085 1,055,083 910,394Step by Step Solution
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