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The following situation describes a sale-type lease in of $100,000 are payable at the which annual lease payments also correctly a classified as beginning

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The following situation describes a sale-type lease in of $100,000 are payable at the which annual lease payments also correctly a classified as beginning of a each year! finance lease for the lessee. Lease term (years) Lessor's & Lessee's interest rate 12% Residuale value Estimate fair value Guaranteed by $ 6,000 ussee $8,000 annuity due The present value of an of $1 for 6 years at 12% is 4.60478 and the present value of $1 for 6 years at 12% 0.50663 which of the following is a correct amount reported at the beginning of the lease before the first payment? A) Leave receivable of $463518. B) Lease payable of # 461, 491. C) Right - Avenue of $464,531 asset of $460, 478. DJ Lease

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