(Answered) Question - a lease calls for 2000 monthly payments for the

Accounting

Question - A lease calls for $2000 monthly payments for the next 60 months with payment due at the beginning of each month. The lessee's incremental borrowing rate is 6% and the implicit rate in the lease is 8%. The residual value for the lease. The lessor covers all taxes and insurance for the lease assets, which total $100 per month. What is the present value of the lease from the lessee's perspective?

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