On April $1,2022,$ PT Megapro leased a heavy equipment to PT Wahana. The fair value of the machine is Rp $365,760,000$ and is estimated to have a residual value of Rp $25,000,000$ and an economic life of $6$ years. The lessee is not required to guarantee the residual value. The lease period is $4$ years. The implicit interest rate is $12\%,$ while the lessee's incremental interest rate is $15\%.$ Lease payments for the machine are made every April $1.$ The first payment is made on April $1,2022.$ The acquisition price of the machine by the lessor is IDR $300,000,000$ and depreciation uses the straight$-$line method. $($Known PVIF $6\mathrm{.}12\%-0\mathrm{.}50663,$ PVIFA due $6\mathrm{.}12\%-4\mathrm{.}60478$; PVIF $6\mathrm{.}15\%-0\mathrm{.}43233,$ PVIFA due $6\mathrm{.}15\%-4\mathrm{.}35216)$ Requested:a$.$ Calculate the amount of periodic lease payments.b$.$ Determine the type of lease for both lessee and lessor. Make a lease amortization tablec. Prepare all journals required by PT Megapro and PT Wahana in the first $2$ years of the lease period. d$.$ Present the lease related information on the statement of financial position and Profit and Loss statement, for PT Wahana company on December $31,2023.$

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a To calculate the amount of periodic lease payments we can use the present value of an annuity formula The present value of an annuity is the discoun... View the full answer