Question 4 of 4 Current Attempt in Progress 1. Wildhorse Corporation entered into a lease agreement on January 1, 2025, to provide Sandhill Company with a piece of machinery. The terms of the lease agreement were as follows. 2. 3. 4.

thats the question

Current Attempt in Progress Widhorse Corporation entered into a lease agreement on danuary 1, 2025, to provide Sandhill Company with a plece of machinery. The terins of the lease agreement were as follows. 1. The lease is to be for 3 years with rental payments of $14,718 to be made at the beginning of each year 2. The machinery has a fair value of $68,000, a book value of $40,000, and an economic life of 8 years. 3. At the end of the lease term, both parties expect the machinery to have a residual value of $30,000. none of which is guaranteed. The lease does not transfer ownership at the end of the lease term, does not have a bargain purchase option, and the asset is: not of a specialized nature. 5. The implicit rate is 5%, which is known by Sandhill. 6. Collectiblity of the payments is probable. Click here to view factor tables. Question 4 of 4 1.57/6! (c) Prepare the amortization schedules Sandhill will use over the lease term