On January Jasperse Corporation leased equipment under a finance lease designed to earn the lessor a rate of return for
providing longterm financing. The lease agreement specified ten annual payments of $ beginning January and each
December thereafter through A year service agreement was scheduled to provide maintenance of the equipment as
required for a fee of $ per year. Insurance premiums of $ annually are related to the equipment. Both amounts were to be
paid by the lessor, and lease payments reflect both expenditures.
At what amount will Jasperse record a rightofuse asset?
Note: Use tables, Excel, or a financial calculator. Round your answers to the nearest whole number. FV of $ PV of $ FVA of $
PVA of $ FVAD of $ and PVAD of $
