Business
Business, 08.11.2019 00:31, jennifer7037

On january 1, 2018, savor corporation leased equipment to spree company. the lease term is 9 years. the first payment of $698,000 was made on january 1, 2018. the present value of the lease payments is $4,561,300. the lease is appropriately classified as a sales-type lease. assuming the interest rate for this lease is 9%, how much interest revenue will savor record in 2018 on this lease?

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On january 1, 2018, savor corporation leased equipment to spree company. the lease term is 9 years....

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