Question: Technoid incorporated sells computer systems. Technoid leases computers to Lone Star Company on January 1,2024 . The manufacturing cost of the computers was $20 milion.

Technoid incorporated sells computer systems. Technoid leases computers to Lone Star Company on January 1,2024 . The manufacturing cost of the computers was $20 milion. This noncancelable lease had the following terms: - Lease payments: $3,550,809 semiannually, first payment on Januery 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: 10% seminnuolly. - Fair value of the computers on january 1,2024:\$24 million. What is the outstanding balance of the lease liability in Lone Star's balance sheet on June 30,2024 ? Note: Round your answer to the nearest whole dollar. Murple Choice None of these answer choices is correct 514.243,310 $24,000,000 What is the outstanding balance of the lease liability in Lone Star's balance sheet on June 30, 2024? Note: Round your answer to the nearest whole dollar. Multiple Choice None of these answer choices is correct. $18,243,310 $24,000,000 $18,943,301
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