Question: Technoid Incorporated sells computer systems. Technoid leases computers to Lone. Star Company on January 1,2024. The manufacturing cost of the computers was $12 milion. This

 Technoid Incorporated sells computer systems. Technoid leases computers to Lone. Star

Technoid Incorporated sells computer systems. Technoid leases computers to Lone. Star Company on January 1,2024. The manufacturing cost of the computers was $12 milion. This noncancelable lease had the following terms: - Lease payments: $2,466,754 semiannually; first payment on January 1, 2024; remaining payments on June 30 and December 31 each year through June 30,2028, - Lease termi,five years (10 semiannual payments). - No residual value; no purchase option. - Economic life of equipment. five years - Implicit interest rate and lessee's incremental borrowing rate: 5% semlannually. - Fair value of the computers on January 1, 2024: $20 million. Lone Star Company would account for this as a(n): Multiple Croice finance lease: sales type lease whovev seaing broft sates type fewe with suling profic

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