B. Trucking signed a non-cancellable finance lease for a building with a useful life of 30 years. B. will pay $10,000 at the beginning of each of the next 30 years. The annual interest rate is 4%. There is a residual guarantee after 30 years of $100,000. At what amount should the company value the lease?
B. Trucking signed a non-cancellable finance lease for a building with a useful life of 30 years. B. will pay
$10,000 at the beginning of each of the next 30 years. The annual interest rate is 4%. There is a residual guarantee after 30 years of $100,000. At what amount should the company value the lease?
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