A company became a lessee by leasing equipment on January 1, 2014 from a lessor.The lease has the following characteristics: Six end-of-year lease payments are due beginning December 31, 2014 in the amount of $41,788 The lease term ends December 31, 2019 Assume this is a finance lease for both parties.What is the present value of minimum leas payments for the lessee?

Question

A company became a lessee by leasing equipment on January 1, 2014 from a lessor.The lease has the following characteristics:  Six end-of-year lease payments are due beginning December 31, 2014 in the amount of $41,788 The lease term ends December 31, 2019 Assume this is a finance lease for both parties.What is the present value of minimum leas payments for the lessee?

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The Answer of A company became a lessee by leasing equipment on January 1, 2014 from a lessor.The lease has the following characteristics:  Six end-of-year lease payments are due beginning December 31, 2014 in the amount of $41,788 The lease term ends December 31, 2019 Assume this is a finance lease for both parties.What is the present value of minimum leas payments for the lessee?

A Company Became a Lessee by Leasing Equipment on January