Question: 5 points Save Awe technold Inc. sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2018. The manufacturing cost of the

 5 points Save Awe technold Inc. sells computer systems. Technoid leases

5 points Save Awe technold Inc. sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2018. The manufacturing cost of the computers was 512 million This noncancelable lease had the following terms: Lease payments: $2,466,754 semiannually, first payment at January 1, 2018 remaining payments at Junie 30 and December 31 each year through June 30, 2022. Lease term: five years (10 semiannual payments) No residual value; no purchase option Economic life of equipment five years Implicit interest rate and lessee's incremental borrowing rate: 5% semiannually. Fair value of the computers at January 1, 2018: $20 million What is the interest revenue that Technold would report for this lease in its 2018 Income statement? . A) 50, B) $1,673,820 C) 5876,662 D) None of these answer choices is correct

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