re: 0 of 10 pts 8.1 (book/static) January 1, the Robinson Sales Company entered

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re: 0 of 10 pts 8.1 (book/static) January 1, the Robinson Sales Company entered into a lease agreement to lease a piece of machinery for a period of fve years from Smokey Boy Eaupment (SBE) | 1012 (0 complete) HW Score: 0% Question H (Click the icon to view the terms of the lease.) (Click the icon to view the Future Value of $1 table.) Click the icon to view the Future Value of an Ordinary Annuity table) (Click the icon to view the Future Value of an Annuity Due table) (Click the icon to view, the Present Value of SI table) (cck the icon to view the Present Value of an Ordinary Annuity table ) More Info ead the requirements Before completing the requirements, identity the present value of the lease payments The machine is specialized for Robinson's business needs, has a sales price of preadsheet for your calculation. If using present and future value tables or the formu$ he nearest whole dollar.) $60,000, and its useful life is seven years with no guaranteed residual value The $11,198 annual rentals are due at the beginning of each year. The lease does not contain a transfer of ownership or a bargain purchase option. Assume that the lessor pays all executory costs SBE's 6% implicit ate sk own to Robinson The cost of the equipment to SBE is $60,000, its fair value. Assume there are no material uncertainties regarding future costs to be incurred under the lease and collectability is reasonably assured The present value P of he payments due under the lease is S L T Print Done Enter any number in the edit fields and then click Check Answer Check Answer Clear All 4 partaining e

Explanation / Answer

Calculation of Present Value

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