A lessor and lessee enter into a lease agreement with the following characteristics: Inception: 1/1/x0 6 annual lease payments of $10,000 are due each Jan.1 beginning 1/1/x0 Assuming the lessee will capitalize this lease, what is the amount of the net lease liability inception, before the first payment is made?
A)$50,166
B)$60,000
C)$64,000
D)$47,908

Question

A lessor and lessee enter into a lease agreement with the following characteristics: Inception: 1/1/x0 6 annual lease payments of $10,000 are due each Jan.1 beginning 1/1/x0  Assuming the lessee will capitalize this lease, what is the amount of the net lease liability inception, before the first payment is made?
A)$50,166 
B)$60,000 
C)$64,000 
D)$47,908

Quizplus · Accepted Answer

The Answer of A lessor and lessee enter into a lease agreement with the following characteristics: Inception: 1/1/x0 6 annual lease payments of $10,000 are due each Jan.1 beginning 1/1/x0  Assuming the lessee will capitalize this lease, what is the amount of the net lease liability inception, before the first payment is made?
A)$50,166 
B)$60,000 
C)$64,000 
D)$47,908

A Lessor and Lessee Enter into a Lease Agreement with the Following