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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
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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

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