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please show work thank you! Each of the three independent situations below describes a finance lease in which annual lease payments are payable at the
please show work thank you!
Each of the three independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The lessee is aware of the lessor's implicit rate of return. Note; Use tables, Excel, or a financial calculator. (FV of S1. PV of S1. FVA of S1. PVA of S1. FVAD of S1 and PVAD of S1) Required: a. \& b. Determine the amount of the annual lease payments as calculated by the lessor and the amount the lessee would record as a right-of-use asset and a lease liability, for each of the above situations. Note: Round your answers to the nearest whole dollar Step by Step Solution
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