Question

Each of the four independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The lessee is aware of the lessor's implicit rate of return. (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.) Situation 2 9 Lease term (years) Lessor's rate of return Fair value of lease asset Lessor's cost of lease asset Residual value: 103 $55,000 $355,000 $80,000 470,000 $55,000 $355,000 $50,000 470,000 Estimated fair value Guaranteed fair value 0 55,000 $12,000 50,000 0 $12,000 55,000 Required a. & b. Determine the amount of the annual lease payments as calculated by the lessor and the amount the lessee would record as a right-of-use asset and a lease liability, for above situations. (Round your PV factor answers to 5 decimal places and other answer to nearest whole dollar.)

Answer 1

de び1 cal O It c、08 can = 0.7938 CtOOg can O 1350 け0.08

faqe. Nola 55000 ase paumer 55000 43/206 C. PV -ackv @ 9% ) 8 yo./ Соーチ) (to ea刀! 0, 91 43 yaz3ーラpv 'factor, CItO. O9) (14 OOR) CaJT O.64 t0e 09

O.5763 千 ご 6 , 0 329 3 35-500 6.03092 583 4 lease Paym切な ν $355000 Sthiaion3 caso

Pag 140.0チ 140 0 C00T (1+0、04 Yean y %aaS → pv.facht冫 = 0,刊30 5 5-100a to be oe covered (tain value) Amount δο,000 1 000 c 418009 0 66634

ag' mount to recoved through lease . 80.000-1 8009 こร์ 61991 Lease 61991 5 100 2 min ' eahe paymint e $12155 uaion PV darbY @ '0% ) 9 year' 0-8 can 0.8864 CIto

age n 60.5645 Co 6 5132 → PV.facfDY - I 0.4665 1+0.1)8 acho- o.909 .86 0.7513 0.6830 6.3349 Pea value 55000

ge 3403(3 Annua (eae payment - 3+0313 G.3349 : Lease payment - $ 53100 fe Hanantec mer) salion 12 755 55000 5000 55000 355000 2155 2000 619118009 $ 6199) hefion 41 f | ф 55000 340313, $129687| +340313 53 400