Question: Technoid inc sells compoter systems. Technoid leases computers to Lone Star Company on January 1,2021 . The manufacturing cost of the computers was $17 million.
Technoid inc sells compoter systems. Technoid leases computers to Lone Star Company on January 1,2021 . The manufacturing cost of the computers was $17 million. This noncancelable lease had the following termis: - Lease payments: \$2,691,724 semiannually, first payment at January 1, 2021, remaining payments at June 30 and December 31 each year through June 30,2025 . - Lease term: 5 years (10 semiannual payments) - No residual value; no purchase option - Economic life of equipment: 5 years. - Implicit interest rate and lessee's incremental borrowing rate: 6.5 semiannually. - Fair value of the computers at January 1, 202t: 521 million. What is the outstanding bolance of the lease liability in Lone Star's June 30,2021 , balance sheet? (Round your answer to the nearest whole dollar.) Mutiple Crioice 5.715.049. $15,715.058
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