- Consider Lease Payment As 345 000 1 (422 KiB) Viewed 10 times
Consider lease payment as $345,000
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Consider lease payment as $345,000
Consider lease payment as $345,000
Each of the four independent situations below describes a sales-type lease in which annual lease payments of are payable at the beginning of each year. Each is a finance lease for the lessee. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Lease term (years) Lessor's and lessee's interest rate Residual value: A Estimated fair value Guaranteed by lessee. B 7 98 The lessor's: 1. Lease payments 2. Gross investment in the lease 3. Net investment in the lease The lessee's: 4. Lease payments 5. Right-of-use asset 6. Lease payable 0 0 2 Situation 2 7 118 $50,000 0 Determine the following amounts at the beginning of the lease. (Round your intermediate and final answers to the nearest whole dollar amount.) Situation 3 8 10% $8,000 $8,000 8 128 $50,000 $60,000
Each of the four independent situations below describes a sales-type lease in which annual lease payments of are payable at the beginning of each year. Each is a finance lease for the lessee. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Lease term (years) Lessor's and lessee's interest rate Residual value: A Estimated fair value Guaranteed by lessee. B 7 98 The lessor's: 1. Lease payments 2. Gross investment in the lease 3. Net investment in the lease The lessee's: 4. Lease payments 5. Right-of-use asset 6. Lease payable 0 0 2 Situation 2 7 118 $50,000 0 Determine the following amounts at the beginning of the lease. (Round your intermediate and final answers to the nearest whole dollar amount.) Situation 3 8 10% $8,000 $8,000 8 128 $50,000 $60,000