You have given two completely different answers for the following: A lease for a communications system that has a 6 year life is signed on January 1, year 1, with 6 annual payments of 16,500. The communications system is to be used by the police department. The first payment is to be made immediately. The present value of the 99,000 in cash flows is 71,862 based on a 10% rate. Government-wide financial statements for year 1 should report total expenses of 22,036. Is this true or false? What is the right