Lease type: Finance lease. Annual lease payments: $100,000 are
payable at the beginning of each year. Lease term: 8 years.
Lessor’s and lessee’s interest rate: 12%. Guaranteed residual value
by the lessee: $60,000. Estimated residual value at the end of the
lease term: $40,000.
Determine the lessee’s Right-of-Use Asset.
a.
580,609
b.
None of the answers.
c.
0
d.
560,415
e.
564,454