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thank you in advance Sharon teasing Company signs an agreement on january 1, 2025, to kease equipment to Tamarisk Compary. The followirg intormatiaci relates to
thank you in advance
Sharon teasing Company signs an agreement on january 1, 2025, to kease equipment to Tamarisk Compary. The followirg intormatiaci relates to th agreement 1. The term of the non-cancelable leave is 3 years with no renewal egtion. The equipment has an eatimated economic lite of 5 years. 2. The falivalue of the asset at January 1,200.5, is 589,000 3. The asset will reveit to the letwor at the end of the hease term, at which time the avet b expected to have a residual value of 57,000 inoce ot which ib guaranteed. 5. The lessee's incremental borrowingtrate is 5 . The lessor's inplicit rate is 4 . and ho unknown to the lessee. 6. Tamariuk uses the straght-line depreciation methiod for all equipenent. Click Were to view factor tables (For calculation puposes, use 5 decimal placer as displayed in the foctor table provided) Preparean amortization schedule that would be sistable for the lessee for the lease term. \{Round anowers to 2 decimal ploces, es. 5,275,15 Step by Step Solution
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