Question: Technold Inc sells computer systems. Technold leases computers to Lone Star Company on January 1, 2021 The manufacturing cost of the computers was 517 milion
Technold Inc sells computer systems. Technold leases computers to Lone Star Company on January 1, 2021 The manufacturing cost of the computers was 517 milion This noncancelable lease had the following terms - Lease payments 52,897796 semtannually 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 we of equipment 5 years Implicit interest rate and lessee's incremental borrowing rate 8% semiannually Farr value of the computers at January 1 2021 521 million Wat is the outstanding balance of the lease ability in Lone Star's June 30, 2021, balance sheet? (Round your answer to the nearest whole dollar) Multiple Choice 546,052504 S1552.03 521000000 None of those who scorect
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