$10$

Exerclse $15-24($Algo$)$ Calculation of annual lease payments; residual value $[$LO$15-2,15-6]$

$0\mathrm{.}71$

point:

Requlred:

a$.$ & b$.$ Determine the amount of the annual lease payments as calculated by the lessor and the amount the lessee would record as a right$-$of$-$use asset and a lease liability, for each of the above situations.

Note: Round your answers to the nearest whole dollar amount.

$\backslash$table$[[,$Lease Payments,$\backslash$table$[[$Residual Value$],[$Guarantee$]],\backslash$table$[[$PV of Lease$],[$Payments$]],\backslash$table$[[$PV of Residual$],[$Value Guarantee$]],\backslash$table$[[$Right$-$of$-$use$],[$Asset$/$Lease$],[$Liability$]]],[$Situation $1,,,,,],[$Situation $2,,,,,],[$Situation $3,,,,,],[$Situation $4,,,,,]]$