Question: Problem 15-1 Direct financing & sales-type lease; le Tech-Knowledgies develops and manufactures voice recognition hardware. Star Leasing purchased a voice recognition hardware from Tech-Knowledgies for

manufactures voice recognition hardware. Star Leasing purchased a voice recognition hardware from

Problem 15-1 Direct financing & sales-type lease; le Tech-Knowledgies develops and manufactures voice recognition hardware. Star Leasing purchased a voice recognition hardware from Tech-Knowledgies for $500,000 and leased it to Pal Learning Systems ssee and lessor L015-3 LO15-5 L015-6 Text: P15-3 on January 1, 2016 Lease description: Quarterly rental payments $32,629-beginning of each period Problem 15-1 Direct financing & sales-type lease; le Tech-Knowledgies develops and manufactures voice recognition hardware. Star Leasing purchased a voice recognition hardware from Tech-Knowledgies for $500,000 and leased it to Pal Learning Systems ssee and lessor L015-3 LO15-5 L015-6 Text: P15-3 on January 1, 2016 Lease description: Quarterly rental payments $32,629-beginning of each period

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