Question: how do I get this answer? w Progress X Your answer is incorrect. On December 31, 2019 Oriole Company leased machinery from Terminator Corporation for
w Progress X Your answer is incorrect. On December 31, 2019 Oriole Company leased machinery from Terminator Corporation for an agreed upon lease term of 3 years. Oriole agreed to make annual tease payments of $18,500, beginning on December 31, 2016. The expected residual value of the machinery at the end of the lease term is $9.250 Orioy guarantees a residual value of 89.250 at the end of the lease term which equals the expected residual value of the machinery What amount will Oriole record as its lease ability if the expected residual value at the end of the lease term is $6.250 and Oriole guarantees a residual of $9,250. Its incremental borrowing rate is 6% and the implicit rate of the lease is unknown? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to O decimal places, ex 5.275.) Click here to view factor tables Lease liability 58897 e Textbook and Media EN 220 AM SIS O Type here to search
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