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Quitzau' The lease payment is $1,650 per month first due at the commencement of the lease. s Bus Corp. (QBC) leased a bus from a

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Quitzau' The lease payment is $1,650 per month first due at the commencement of the lease. s Bus Corp. (QBC) leased a bus from a local leasing company. The five-year lease commenced on January 1, 2018, and QBC has a December 31 year-end The fair value of the bus is $105,000 The estimated useful life of the bus is nine years. QBC is responsible for all maintenance on the vans OBC residual value guarantee, although at the conclusion of the lease the bus is estimated to be worth $30,000. QBC has the option to buy the bus for the estimated residual value of $30,000 at the end of the lease term. does not provide a The lessor's required rate of return for transactions of this nature is 0 5827% per month and this is known to QBC. What is the amount that will be credited to the lease libility account on January 1,2018

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