Refer to the Following Lease Amortization Schedule

question 114

Multiple Choice

Refer to the following lease amortization schedule. The five payments are made annually starting with the beginning of the lease. A $2,000 purchase option is reasonably certain to be exercised at the end of the five-year lease. The asset has an expected economic life of eight years.

-What is the outstanding balance after payment 5?

• A) $1,818.
• B) $2,000.
• C) $2,182.
• D) $3,818.

---

Definitions:

D.W.Griffith

An influential American film director known for pioneering modern cinematic techniques.

Douglas Fairbanks

Known as a charming leading man of silent film, particularly famous for his roles in classic swashbuckling movies of the early 20th century.

21st-Century

Refers to the current century, beginning from the year 2001 to the present day, characterized by rapid advancements in technology, globalization, and various cultural shifts.

D.W. Griffith

A pioneering American film director and producer best known for advancing narrative and technical aspects of filmmaking.