Question: Technoid incorporated selis computer systems. Technoid leases computers to Lone Star Company on January 1, 2024. The manufacturing cost of the computers was $19 million.

Technoid incorporated selis computer systems. Technoid leases computers to Lone Star Company on January 1, 2024. The manufacturing cost of the computers was $19 million. This noncancelable lease had the following terms - Lease payments: $3,060,451 semiannually, first payment on January 1, 2024, remaining payments on June 30 and December 31 each year through June 30,2028 - 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: 7% semiannually. - Fair value of the computers on January 1.2024:\$23 million What is the interest revenue that Technoid would report for this lease in its income statement for the year ended December 31,2024? Note: Round your onswer to the nearest whole dollor. Multiple Choice $0 $2,675,009 $1,395,768 None of these onswer choices is correct
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