Hux Investments leased equipment from a leasing company on July 1, 2018 in a finance lease.. The present value of the lease payments discounted at 10% was $75,600. Ten annual lease payments of $8,630 are due each July 1, beginning July 1, 2018. On December 31, 2018, what is the lease payable?

Answer rating: 100% (QA)

To find the lease payable on December 31 2018 we need to calculate the portion of the lease paymen... View the full answer