Business
Business, 22.06.2021 17:20, genyjoannerubiera

This noncancelable lease had the following terms: Lease payments: $3,402,858 semiannually; first payment at January 1, 2021; remaining payments at June 30 and December 31 each year through June 30, 2025. Lease term: 5 years (10 semiannual payments). No residual value; no purchase option. Economic life of equipment: 5 years. Implicit interest rate and lessee's incremental borrowing rate: 10% semiannually. Fair value of the computers at January 1, 2021: $23 million. What is the interest revenue that Technoid would report for this lease in its 2021 income statement

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This noncancelable lease had the following terms: Lease payments: $3,402,858 semiannually; first pay...

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