therm on Janawines at a can ADLS) Edison Leasing leased high-tech electronic equipment to Manufacturers Southern on January 1, 2016. Edison purchased the equipment from International Machines at a cost of $115,923. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factors) from the tables provided.) Related Information: Lease term Quarterly rental $15,000 at the beginning Economic life of 2 years Fair value of Implicit interest 4% (Also lessee's incremental borrowing rate) 2 years (8 quarterly periods) payments of each period asset $115,923 asset rate