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your time! Question 27 4 pts Time Running was Fox Co. signs a 6-year truck lease before receiving the truck and pays the lease broker

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your time! Question 27 4 pts Time Running was Fox Co. signs a 6-year truck lease before receiving the truck and pays the lease broker $5,000. Then on lease commencement date, Fox pays lessor $20,000, the first of 6 such payments. The present value of 5 remaining payments is $85.000 The truck fair value is $200,000, with an economic life of 10 years. If none of Group I or Il criteria for this lease are met what is the total amount of credits in Fox's entry on lease commencement date? 105,000 90,000 O 85.000 NO O 115,000 110,000

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