Exercise $15-10($Algo$)$ Lessor calculation of annual lease payments; lessee calculation of asset and liability $[$LO$15-2]$

Each of the three independent situations below describes a finance lease in which annual lease payments are payable at the end of each year. The lessee is aware of the lessor's implicit rate of return.

Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

$\backslash$table$[[,$Situation$],[$Lease term $($years$),1,\backslash$table$[[215],[15]],3],[$Lessor$\text{'}$s rate of return $($known by lessee$),12\%,10\%,\backslash$table$[[4],[10\%$