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The Robertson Company signs a five-year capital lease with the Parker Company for workplace equipment. The annual year-end lease payment is $18,000, and the interest

The Robertson Company signs a five-year capital lease with the Parker Company for workplace equipment. The annual year-end lease payment is $18,000, and the interest rate is 6%. (Table B.1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.)

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from the tables provided.) Problem 14-11AC Part 1 1. Complete the below table to calculate the present value of Rogers's five-year lease payments Answer is not complete. Present value of Lease Payment Amount PV Factor Dayments 12.834 18.000 0.7130 Rogers Company signs a five-year capital lease with Packer Company for office equipment. The annual year-end lease payment is $18,000, and the interest rate is 6% (Table B1. Table 82. Table B 3. and Table B4 (Use appropriate factor(s) from the tables provided.) Problem 14-11AC Part 3 3. Complete a lease payment schedule for the five years of the lease with the following headings. Assume that the beginning bala! of the lease liability is the present value of lease payments. Perlod Ending Date Balance of Interest on Le Liability L Reduction of i lity Cash te Ending Balance of bilis Year Year 2 Year 3 Yeard and Windows Required information Journal entry worksheet Record the annual depreciation expense on the office equipment at the end of Year 1 Note: Enter debits before credits Transaction General Journal Debit Credit View general Recorder C entry

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