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Question 36 2.5 pts Odin Enterprises leased equipment to Hela Company on April 1, 2019, and properly concluded the lease was a sales-type lease. Odin
Question 36 2.5 pts Odin Enterprises leased equipment to Hela Company on April 1, 2019, and properly concluded the lease was a sales-type lease. Odin used an implicit interest rate of 9% in the lease and the first of ten annual lease payments of $30,000 was due on April 1 of each year, starting in 2019. Odin had purchased the equipment for $170,000. The equipment had a residual value of $50,000 which was unguaranteed. What amount of interest revenue from the lease should Odin report in its 2019 income statement? The present value of 1 for 10 years at 9% is 0.42241. The present value of an ordinary annuity of 1 for 10 years at 9% is 6.41766. The present value of an annuity due of 1 for 10 years at 9% is 6.99525. $18,088 O $13,566 O $4,522 O $9,044
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