Total package of equipment leased has a fair market value of $$4,800,000$

$$ Lessor management stated that they used a rate of return of $6\%$ for their calculations,

based on an eight$-$year term and a guaranteed minimum value for the equipment at

the termination of the lease of $$600,000$

$$ First payment of $$672,030$ was paid on July $2$ when the lease was signed, with

subsequent payments due on July $1$st each year.

$$ Lease payments are included in operating expenses by Ultramed as they are paid.

$$ Ultramed management believes that, at a minimum, at the termination of the lease

the equipment could be sold for an expected value of $$440,000.$ Ultramed uses the

straight$-$line method of depreciation for its property, plant, and equipment.

$$Thanks again for dropping by$.$ Nice to have another woman on the management team.