Current Attempt in Progress Sunland Company, a machinery dealer, leased a machine to Carla...
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Accounting
Current Attempt in Progress Sunland Company, a machinery dealer, leased a machine to Carla Vista Corporation on January The lease is for an year period and requires equal annual payments of $ at the beginning of each year. The first payment is received on January Sunland had purchased the machine during for $ Collectibility of lease payments by Sunland is probable. Sunland set the annual rental to ensure a rate of return. The machine has an economic life of years with no residual value and reverts to Sunland at the termination of the lease. Click here to view factor tables. a Compute the amount of the lease receivable. For calculation purposes, use decimal places as displayed in the factor table provided and round final answer to decimal places eg 
Current Attempt in Progress
Sunland Company, a machinery dealer, leased a machine to Carla Vista Corporation on January The lease is for an year period and requires equal annual payments of $ at the beginning of each year. The first payment is received on January Sunland had purchased the machine during for $ Collectibility of lease payments by Sunland is probable. Sunland set the annual rental to ensure a rate of return. The machine has an economic life of years with no residual value and reverts to Sunland at the termination of the lease.
Click here to view factor tables.
a
Compute the amount of the lease receivable. For calculation purposes, use decimal places as displayed in the factor table provided and round final answer to decimal places eg
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