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The following facts pertain to a non cancelable lease agreement between carla vista leasing compnay and tamarisk company, a lesse. commencement date May 1,2025, Annual
The following facts pertain to a non cancelable lease agreement between carla vista leasing compnay and tamarisk company, a lesse. commencement date May 1,2025, Annual lease payment due at the beginf of the year, begining may 1,2025. 15,121.69. bargain purchase option price at the end of the lease term 4,000, lease term 5 years, economic life of leased equipement. 10 years. lessor's cost 50,000, fair value of asset at may 1,2025. 73,299.63. leasor's implicit rate 4%, leesee's incremental borrowikg rate 4%. the collectibility of the lease payments by carla vista is probable. prepare a lease amortization schedule for Tamarisk for the 5 year lease term.
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