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Tulsa inc. manufactures and sells heavy equipments. Tulsa leases an equipment to Rusty Company on January 1, 2021. The manufacturing cost of the equipment was

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Tulsa inc. manufactures and sells heavy equipments. Tulsa leases an equipment to Rusty Company on January 1, 2021. The manufacturing cost of the equipment was $20 million. This noncancelable lease had the following terms: - Lease payments: $3,550,809 semiannually, first payment at January 1, 2021; remaining payments at June 30 and December 31 each year through June 30,2025 - Lease term: 5 years (10 semiannuai payments) - No residual value; no purchase option. - Economic life of equipment 5 years. - Implicit interest rate and lessee's incremental borrowing rate: 10% semiannually. - Fair value of the computers at January 1,2021:$24 million. What is the outstanding balance of the lease llability in Rusty's June 30,2021 , balance sheet? (Round your answer to the nearest whole dollar.) Mutiple Choice $24,000,000 $18743.310. 512943.30x June 30,2025 . - Lease term: 5 years (10 semiannual payments). - No residual value; no purchase option. - Economic life of equipment 5 years. - Implicit interest rate and lessee's incremental borrowing rate: 10% semiannually. - Falr value of the computers at January 1,2021:$24 million. What is the outstanding balance of the lease llability in Rusty's June 30,2021 , balance sheet? (Round your answer to the nearest whole dollar.) Mulliple Choice $24,000,000. $18.743,310. \$18.943.301. None of these onswer choices is correct

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