PP&E Leasing acquires equipment and leases it to customers u…

PP&E Leasing acquires equipment and leases it to customers under long-term sales-type leases. PP&E earns interest under these arrangements at a 6% annual rate. PP&E purchased a machine and then leased it for $300,000 under an arrangement that specified annual payments to be received for five years, beginning at the commencement of the lease. The lessee had the option to purchase the machine at the end of the lease term for $50,000 when it was expected to have a market value of $80,000. Calculate the amount of the annual lease payments. (Round your answer to the nearest whole dollar amount.)

Assume that the equipment’s residual value is not guaranteed…

Assume that the equipment’s residual value is not guaranteed by Lee Co. The asset was appraised at $25,000 at the end of the lease term. Which of the following journal entries would Largor record for return of the equipment at the end of the lease term?

Your patient is presenting with an altered mental status and…

Your patient is presenting with an altered mental status and a history of diabetes. His roommate states that he saw him take his normal dose of insulin this morning, but never saw him eat anything. What, out of the answer choices below, is most likely causing the patient to present this way?