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Problem 15-11 (Algo) Lessee; renewal option [LO15-2, 15-6] [The following information applies to the questions displayed below.] High Time Tours leased rock-climbing equipment from Adventures
Problem 15-11 (Algo) Lessee; renewal option [LO15-2, 15-6] [The following information applies to the questions displayed below.] High Time Tours leased rock-climbing equipment from Adventures Leasing on January 1, 2024. High Time has the option to renew the lease at the end of two years for an additional three years for $9,200 per quarter. Adventures purchased the equipment at a cost of $218,018. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1,FVAD of $1 and PVAD of $1 ) Problem 15-11 (Algo) Part 2 2. Prepare an amortization schedule for the term of the lease. Note: Round your intermediate and final answers to nearest whole dollar. Enter all amounts as positive values
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