Business, 15.04.2020 03:28 dyanaycooper13

A finance lease agreement calls for quarterly lease payments of $4,625 over a 15-year lease term, with the first payment on July 1, the beginning of the lease. The annual interest rate is 8%. Both the present value of the lease payments and the cost of the asset to the lessor are $164,000.

Prepare a partial amortization table up to the October 1 payment.

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A finance lease agreement calls for quarterly lease payments of $4,625 over a 15-year lease term, wi...