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Technoid Inc. sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2018 The manufacturing cost of the computers was $19 million.
Technoid Inc. sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2018 The manufacturing cost of the computers was $19 million. This nonconcelable leose had the following terms: Lease payments: $3.402.858 semiannually first payment at January 1.2018 remaining payments at June 30 and December 31 each year through June 30. 2022 . Lease tenm 5 years (10 semi-annual payments). .No residual value; no purchase option .Economic life of equipment: 5 years. Implicit interest rate and les see s incremental borrowing rate: 10% semiannually. Fair value of the computers at January 1, 2018: $23 million. what is the outstanding balance of the lease liability in Lone Star's June 30, 2018, balance sheet? (Round your answer to the nearest dollar.) Multiple Choice $18.153.998 $17,554007 $23,000000 None of theee answer chalcas correct
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