For the Following Lease,determine the Minimum Lease Payments for the Lessor

question 12

Multiple Choice

For the following lease,determine the minimum lease payments for the lessor. $$\begin{array} { | l | l | } \hline \text { Annual lease payment at the end of the end } & \$ 23,000 \\\hline \text { Lease term } & 5 \\\hline \text { Incremental rate } & 10 \% \\\hline \text { Implicit rate (knownto lessee) } & 8\% \\\hline \text { Unguaranteed residual value } & 5,000 \\\hline \text { Guaranteed residual value } & 00,000 \\\hline\end{array}$$

• A)91,832
• B)102,711
• C)105,444
• D)108,846

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