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Show transcribed image text f Facabook xCHAPTER 15 LEASES Accounting question I Chegg lason x ← e D ezto.mheducation.com.hm.tpx 15.00 paints Exerclse 15-14 Calculation of annual lease payments; residual value [L015-5, 15-6, 15-8] Each of the four independent situations below describes a capital lease in which annual lease payments are payable at the begining of each year. (FV of $1, PV of S1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Siluation Leese term (years) Lessor's rate of ratun Fair value of laased asset Lessor's cost af leased asset Resldual value: 9% 10% 8% 11% S68,000 $388,000 S93,000 483,c00 S 88,00 388,000 S63,000 483.Co0 Guaranted by lessec Unguaranteed 0 88,000 0 $ 48.C00 0 S25,000 33.C00 Determine the annuel lease payments for each situation Siluatian 1 Situation 2 Situation 3 Situation 4 Hints References eBook & Resources Hint #1