A lease agreement that qualifies as a finance lease calls for annual lease payments of...
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A lease agreement that qualifies as a finance lease calls for annual lease payments of $ over a fouryear lease term also the asset's useful life with the first payment at January the beginning of the lease. The interest rate is FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $Use appropriate factors from the tables provided. Required: a Determine the present value of the lease upon the lease's inception. b If the lessee's fiscal year is the calendar year, what would be the pretax amounts related to the lease that the lessee would report in its income statement for the first year ended December ignore taxes Complete this question by entering your answers in the tabs below. Determine the present value of the lease upon the lease's inception. Round your answers to nearest whole number and round percentage answer to decimal place. Required A Required B If the lessee's fiscal year is the calendar year, what would be the pretax amounts related to the lease that the lessee would report in its income statement for the first year ended December Round your answers to nearest whole number. 
A lease agreement that qualifies as a finance lease calls for annual lease payments of $ over a fouryear lease term also the asset's useful life with the first payment at January the beginning of the lease. The interest rate is FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $Use appropriate factors from the tables provided.
Required:
a Determine the present value of the lease upon the lease's inception.
b If the lessee's fiscal year is the calendar year, what would be the pretax amounts related to the lease that the lessee would report in its income statement for the first year ended December ignore taxes
Complete this question by entering your answers in the tabs below.
Determine the present value of the lease upon the lease's inception. Round your answers to nearest whole number and round percentage answer to decimal place. Required A Required B
If the lessee's fiscal year is the calendar year, what would be the pretax amounts related to the lease that the lessee would report in its income statement for the first year ended December Round your answers to nearest whole number.
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