Question: Can you explain how to get the correct answer? Use the following information to answer the next 2 questions. A lease agreement calls for annual

Can you explain how to get the correct answer? Use the

Can you explain how to get the correct answer?

Use the following information to answer the next 2 questions. A lease agreement calls for annual payments of $19,365 over a 15-year period (also the asset's useful life). The lease is signed January 1, 20X1 with the first payment due on that date. The interest rate is 8%, and the PV of lease payments is $179,015. The lessor manufactured the asset at a cost of $150,000 24. $ 11,934 In year 20X1, the lease decreases the lessee's net income by

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