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Technoid incorporated sells computer systems. Technoid leases computers to Lone Star Company on January 1,2024 . The manufacturing cost of the computers was $18 million.
Technoid incorporated sells computer systems. Technoid leases computers to Lone Star Company on January 1,2024 . The manufacturing cost of the computers was $18 million. This noncancelable lease had the following terms: - Lease payments: $2,713,429 semiannually, first payment on January 1, 2024: remaining payments on June 30 and December 31 each year through June. 30,2028 . - Lease termi 5 years (10 semiannual payments). - No residual value; no purchase option. - Economic life of equipment 5 yearsi - Implicit interest rate and lessee's incremental borrowing rate: 5% semiannually. - Fair value of the computers on January 1, 2024: $22 million. What is the outstanding balance of the lease llability in Lone Star's balance sheet on June 30,2024 ? Note: Round your answer to the nearest whole dollar. Mulple Choke 517,537,471 517.437 .480 $72,000000
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