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X Given the following information, you are required to complete the following table of a lease agreement in 2 years by writing the missing amount:
X Given the following information, you are required to complete the following table of a lease agreement in 2 years by writing the missing amount: Present value of the lease payment = $110,004 Annual lease rental = $60,000 The rate of the interest - 6% Lease term 2 years Beginning Interest Lease Liability Ending Year Balance Amount Rental Reduction Balance Year 1 110,004 (A)? (B)? Year 2 (C)? (D)? Required: What is the amount $ of the missing value? Answer layout: A= $ Calculation: BM $ Calculation: CM $ Calculation D= S Calculation
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