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 million.

Technoid incorporated sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2024. The manufacturing cost of the computers was $20 million. This noncancelable lease had the foliowing terms: - Lease poyments: $3,550.809 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; 10% semiannually. - Fair value of the computers on January 1, 2024: $24 million. What is the outstanding balance of the lease lability in Lone Star's balance sheet on June 30, 2024? Note: Round your answer to the nearest whole dollar. Multile Choice \$:8.943.30 \$18:443,310 $24,000,000 None of these anwwer choices is correct

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