Jagadison Company leases computer equipment to customers under sales-type leases. The equipment has no residual value at the end of the lease and the leases do not contain purchase options. Jagadison desires a return of 6% Interest on a five-year lease of equipment with a fair value of $794,770. The present value of an annuity due of $1 at 6% for five years is 4.465. What is the total amount of interest revenue that Jagadison will earn over the life of the lease? Multiple Cholce $95.230 $178,000 $238,431 $158,054

Jagadison Company leases computer equipment to customers under sales-type leases. The equipment has no residual value at the end of the lease and the leases do not contain purchase options. Jagadison desires a return of 6% Interest on a five-year lease of equipment with a fair value of $794,770. The present value of an annuity due of $1 at 6% for five years is 4.465. What is the total amount of interest revenue that Jagadison will earn over the life of the lease? Multiple Cholce $95.230 $178,000 $238,431 $158,054

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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