Homework Answers
Correct answer will be $461456
Detail working for your refrence
| Computation of Lease Value at Inception | |
| Present Value of Lease Rental ( 100000X 4.4651) | $446,510.00 |
| PV of Residual Value (20000* 0.7473) | $14,946.00 |
| Value of lease at Inception | $461,456.00 |
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Corporation on January 1, 2020.
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the machinery is $541,000, and the fair value of the asset on
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