Question: Everything that is the question is already posted 3 Each of the four independent situations below describes a sales-type lease in which annual lease payments

 Everything that is the question is already posted 3 Each of

Everything that is the question is already posted

3 Each of the four independent situations below describes a sales-type lease in which annual lease payments of $11,000 are payable the beginning of each year. Each is a finance lease for the lessee. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of (Use appropriate factor(s) from the tables provided.) Situation Ints 6 1 o w 6 6 T eBook Lease term (vears) Asset's useful life (years) Lessor's implicit rate (known by lessee) Residual value: Guaranteed by lessee Unguaranteed Purchase option: After (years) Exercise price Reasonably certain? $4,400 $2,200 $2,200 Print $4,400 References Hone 6 $1,200 S7,200 $3,200 ves no Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) Situation 1 2 3 4 A. The lessor's. 1. Total lease payments 2. Gross investment in the lease 3. Net investment in the lease B. The lessee's. 4. Total lease payments

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