A lease was signed on January 1,2010 for a period of 4 years. The fair value of

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A lease was signed on January 1,2010 for a period of 4 years. The fair value of equipment was Rs.400,000. Rentals are payable in advance. Implicit rate of lessor is 9%.

Required:
1- Annual Rental Payments
2- Gross Investment in lease
3- Unearned finance Income
4- Lease Amortization Schedule

Related Book For answer-question

Basic Finance An Introduction to Financial Institutions Investments and Management

ISBN: 978-1111820633

10th edition

Authors: Herbert B. Mayo

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Posted Date: Jun 01, 2020 07:11 AM

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A lease was signed on January 1,2010 for a period of 4 years. The fair value of

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Basic Finance An Introduction to Financial Institutions Investments and Management

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