Question $3$

$3$ pts

Hudsucker Company has a machine with a cost of $$450,000$ and a fair value of $$500,000$ on the date the machine is leased to Dapper Dan Company. The lease is for $5$ years and the machine is estimated to have an unguaranteed residual value of $$45,000.$ The rate implicit in the lease is $10\%$ and the lease is properly classified as a sales$-$type lease. The factor for $$1$ in $5$ periods at $10\%$ is $0\mathrm{.}6209$ and the PV factor for an annuity due for $5$ periods at $10\%$ is $4\mathrm{.}1699.$ Upon lease inception, what would be the recognized sales revenue for the lessor $($i$.$e$.$ Hudsucker$)?$

$$472,059$

$$500,000$

$$455,000$

$$ $$422,059$