Question: please show work. please show how to find fair value of leased asset On January 1, 2021, Mandalay Bay leased a building in Las Vegas

please show work. please show how to find fair value of leased asset
please show work. please show how to find fair value of leased

On January 1, 2021, Mandalay Bay leased a building in Las Vegas calling for four annual lease payments of $4,000,000 beginning January 1, 2021. The rate implicit in the lease was 10%. Required: 1. Clearly show your determination of the present value of the lease payments at January 1, 2021. 2. Prepare a lease amortization schedule for the entire term of the lease. You may use a copy of my example lease amortization schedule from Brightspace, but be sure to set the correct dates, maturity, etc. SAVE THE FILE UNDER THE FOLLOWING NAMING CONVENTION AND SUBMIT AS AN ATTACHMENT TO THIS ASSIGNMENT Last Name_First Initial Lease Prob Spg 22.xlsx If you use Google sheets or another program, you must use file export to create an Excel file with formulas visible to me. You will receive no credit if all I can see are numbers typed into the spreadsheet

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