Question-1: Marks-05 GIVEN: Lease term 5 Years Fair value of assets Rs. 180,000 Annual rental payments...

Question-1: Marks-05
GIVEN:
Lease term 5 Years
Fair value of assets Rs. 180,000
Annual rental payments (beginnings) Rs. 35,927.39
Interest rate implicit in the lease 10%
Economic life 8 Years
Residual value Rs. 20,000
Required:
Identify type of lease if
a) Residual value is guaranteed b) Residual value is un guaranteed

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Expert Solution

ekkarill92 answered 2 years ago

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