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The following facts pertain to a non - cancelable lease agreement between Crane Lasing Company and Blossom Company, a lessee. Commencement date January 1 ,

The following facts pertain to a non-cancelable lease agreement between Crane Lasing Company and Blossom Company, a lessee.
Commencement date
January 1,2025
Annual lease payment due at the beginning of each year, beginning with January 1,2025
$100,640
Residual value of equipment at end of leses term,
guaranteed by the lessee
$46,000
Expected residual value of equipment at end of lease term $41,000
Lease term
6 years
Economic life of leased equipment
6 years
Fair value of asset at January 1,2025
$557,000
Lessor's implicit rate
6%
Lessee's incremental borrowing rate
6%
The asest will revert to the lessor at the end of the lease term. The lesse uses the stricht-line amortization for all leased equipmant:
Click here to view factor tables.
(a)
Prepare an amortization schedule that would be suitable for the lessee for the lease tarm, Round present wolue factor calaloticrs: to 5 decimal places, es.1.25124 and the final anwers to 0 decimal places .
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