Homework Answers
Answer
A)
Lease payment = 45000 (50000 - 5000)
Maintanence cost would not be included in lease payment.
B) lease payment = 46000 (55000 - 4000 -5000)
As maintanence and insurance not a part of lease.
C) lease payment = 114000 (120000 - 6000)
Maintanence cost not to be include in lewse payment.
Hope this meets your purpose.
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Identifying Lease Payments For each of the following three separate finance lease scenarios, determine the lease...
Each of the four independent situations below describes a finance lease in which annual lease payments...
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Each of the three independent situations below describes a finance lease in which annual lease payments...
Each of the three 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
1
2
3
Lease term (years)
11
21
5
Lessor's rate of return (known by lessee)
10%
8%...
On January 1, 2021, Lesco Leasing leased equipment to Quality Services under a finance/sales-type lease designed...
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Each of the three 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
1
2
3
Lease term (years)
11
21
5
Lessor's rate of return (known by lessee)
10%
8%...
On January 1, 2018, Lesco Leasing leased equipment to Quality Services under a finance/sales-type lease designed to earn NRC a 12% rate of return for providing longterm financing. The lease agreement specified: (FVof 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.) a. Ten annual payments of $56,000 beginning January 1, 2018, the beginning of the lease and each December 31 thereafter through 2026 b....
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