Business, 04.11.2020 18:20 sincere21

Amazon leased equipment from United Machines on July 1, 2020, in a finance lease. The present value of the lease payments discounted at 10% was $82,000. Ten annual lease payments of $12,000 are due each year beginning July 1, 2020. United Machines had constructed the equipment recently for $66,000. How much related interest revenue will United Machines record for the year ending December 31, 2020

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Amazon leased equipment from United Machines on July 1, 2020, in a finance lease. The present value...