Blossom company , a machinery dealer leased manufacturer equipment to Mays corporation on January 1, 2017. The lease is a 7 year period and requires equal annual payments of $26143 at the beginning of each year . The first payment is received on January 1, 2017 . Blossom had purchased the machine during 2016 for $75000 collectibility of lease payments is reasonable predictable, and no important uncertainties surround the amount of cost yet to be incurred by blossom se the annual rentel to ensure a 8% rate of return . The machine has an economic life of 8 years with no resiidaul value and reverts to blossom at the termination of the lease.A. Compute the amount of the lease receivable

Question

29-07-2022
Mathematics

contestada

Blossom company , a machinery dealer leased manufacturer equipment to Mays corporation on January 1, 2017. The lease is a 7 year period and requires equal annual payments of $26143 at the beginning of each year . The first payment is received on January 1, 2017 . Blossom had purchased the machine during 2016 for $75000 collectibility of lease payments is reasonable predictable, and no important uncertainties surround the amount of cost yet to be incurred by blossom se the annual rentel to ensure a 8% rate of return . The machine has an economic life of 8 years with no resiidaul value and reverts to blossom at the termination of the lease.A. Compute the amount of the lease receivable

Respuesta :

Otras preguntas

Question 1 of 5 The two best runners, Imani and Jack finished first and second. (20 points) Extra Content In each of the following sentences, exactly one comma

The compensatory behavior for ___ is done in secret and is often accompanied by feelings of disgust or shame.

every card in a deck has a picture of one shape - circle, square, or triangle, which is painted in one of the three colors - red, blue, or green. furthermore, e

the offset of wallace creek is caused by __________.

Which of the following statements about recruiting is most accurate? A. It is important for a firm to recruit and hire people who are not only skilled but who a

How do I do factoring

serum select 2. body fluid (e.g. breast milk, sweat, mucous) select 3. surface of b cell as b cell receptors select 4. surface of mast cells or basophils via fc

Consider a chemical species in which a carbon atom forms single bonds to three hydrogen atoms in which the carbon atom possesses no other valence electrons. (a)

nursing home care company is charged with violating a rule of the social security administration. most likely, nursing home care will be required to appear at a

The cost of a trail mix at the grocery store is normally $12 per pound but now the price has increased by 30%. What is the price per pound of trail mix now that

ACCESS MORE EDU ACCESS

topeadeniran2 topeadeniran2 · Answer 1 · 2022-07-29T21:41:47+02:00

The amount of the lease receivable will be $146999.

What are lease receivable?

It should be noted that lease receivables means all the payments under the operative documents in respect of:

(i) the Purchaser Basic Rent,

(ii) the Maximum recourse amount,

(iii) the Purchaser Balance and

(iv) any purchase by the Lessee of the Properly up to the amount of the Capital then outstanding.

In this case, the lease is a 7 year period and requires equal annual payments of $26143 at the beginning of each year and the first payment is received on January 1, 2017.

The lease receivable will be:

= PVAD8%,7 × Lease payment

= 5.62288 × 26143

= $146999

In conclusion, the lease receivable is $146999.

Learn more about lease receivable on:

https://brainly.com/question/25760475

#SPJ1