When there is an ungaranteed residual values of $35,000 and the lessee estimates that the asset returned at the end of the lease terms is $25,000. I=6 N=48, PMT=1360 how do i calculated the present value with the ungaranteed value?

When there is an ungaranteed residual values of $35,000 and the lessee estimates that the asset returned at the end of the lease terms is $25,000. I=6 N=48, PMT=1360 how do i calculated the present value with the ungaranteed value?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter20: Accounting For Leases

Section: Chapter Questions

Problem 7RE: Use the information in RE20-6. However, assume that there is no bargain purchase option and that...

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