Question: Computing Lease PaymentLessor; Computing Right-of Use Asset and Lease Liability -Lessee Information for four separate finance/sales-type lease scenarios is provided as follows: Complete the table,

 Computing Lease PaymentLessor; Computing Right-of Use Asset and Lease Liability -Lessee

Computing Lease PaymentLessor; Computing Right-of Use Asset and Lease Liability -Lessee Information for four separate finance/sales-type lease scenarios is provided as follows: Complete the table, assuming that the lessee is aware of the lessor's implicit lease rate. Note: Round each amount to the nearest whole dollar. A B C D Lessor's desired rate of return 6% 7% 6% 8% Lease term 5 10 8 4 Fair value of underlying asset $63,000 $252,000 $32,400 $414,000 Beginning or end of year payments Beginning Beginning Beginning End Guaranteed residual value 0 21,600 0 144,000 Residual value expected by lessee 0 0 0 54,000 Unguaranteed residual value expected by lessor 0 0 6,300 0 Initial direct lease costs 450 1,800 0 2,160 Prepaid lease payment 0 2,400 0 0 Lessor lease payment Lease liability Right-of-use asset $ $ $ $ $ $ $ $ +A $ $ $ $

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