Each of the four independent situations below describes a sales-type lease in which annual lease payments of $100,000 are payable at the beginning of each year. Each is a finance lease for the lessee...
Each of the four independent situations below describes a sales-type lease in which annual lease payments of $170,000 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.) Situation 11% 10% 12% 12% Lease term (years) Lessor's and lessee's interest rate Residual value: Estimated fair value Guaranteed by...
Each of the four independent situations below describes a sales-type lease in which annual lease payments of $145,000 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.) 1 6 11% Situation 2 3 6 7 10% 12% 4 7 12% Lease term (years) Lessor's and lessee's interest...
Each of the four independent situations below describes a sales-type lease in which annual lease payments of $125,000 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.) 1 Situation 2 3 6 7 148 10% 4 7 11% 128 Lease term (years) Lessor's and lessee's interest rate...
Each of the four independent situations below describes a sales-type lease in which annual lease payments of $125,000 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.) Situation 3 7 14% 10% 12% 11% Lease term (years) Lessor's and lessee's interest rate Residual value: Estimated fair value...
Each of the four independent situations below describes a sales-type lease in which annual lease payments of $100,000 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.) Situation 2 4 1 3 Lease term (years) Lessor's and lessee's interest rate Residual value : 8 7 7 8...
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 Lease term (years) Lessor's rate of return 10 11% 93 128 Fair value of lease asset $53,000 353,000...
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...
Each of the four independent situations below describes a sales-type lease in which annual lease payments of $130,000 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.) 4 1 7 8% Situation 2 3 7 8 10% 9% 11% Lease term (years) Lessor's and lessee's interest rate...
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. Situations 1 2 3 4 Lease term (years) 3 4 5 6 Lessor's rate of return 9% 8% 7% 6% Fair value of lease asset $60,000 $90,000 $92,000 $85,000 Lessor's cost of leased asset $55,000 $75,000 $78,000 $85,000 Residual Value: Estimated fair value 0 $20,000...
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. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Situation 113 Lease ter (years) Lessor's rate of return Fair value of lease asset Lessor's cost of lease asset...