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This is all the information given. Help Save & En onework due day 7 Each of the four independent stations below describes a sales-type lease
This is all the information given.
Help Save & En onework due day 7 Each of the four independent stations below describes a sales-type lease in which annual lease payments of $14,000 are payable a the beginning of each year Each is a finance case for the lessee (FV of $1. PV of S1, FVA of S1, PVA of $1. EVAD 51 and PVADOS (Use appropriate factors) from the tables provided.) Situation 1 2 3 4 124 3 3 4 125 3 6 17 125 Lasseter (years) Asset useful life (yes) slmplicit rate (known by lessee) Henitaal value Guaranteed by Teste garanteed Purchase option: After years) Lecite price $ 5,600 $ 2,800 $ 2,800 8 55,600 none n/ $7.50 no $1. Bee $ 3,00 yes De the following amounts at the beginning of the lease Round your final answers to nearest whole dollar Smation 4 Next > Determine the following amounts at the beginning of the lease: (Round your final answers to Situation 2 3 4 $ 42,000 42,000 45,800 45,800 47.600 47,600 A The lessor's 1. Total lease payments 2. Gross investment in the lease 3. Net investment in the lease B The lessee's: 4 Total lease payments 5 Right-of-use asset 8 Lease liability 42,000 42.000 42.000 Prev 3 of 4 NEStep by Step Solution
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