On January Garcia Supply leased a truck for a threeyear
period, at which time possession of the truck will revert back to
the lessor. Annual lease payments are $ due on December of
each year, calculated by the lessor using a discount rate.
Negotiations led to Garcia guaranteeing a $ residual value at
the end of the lease term. Garcia estimates that the residual value
after four years will be $FV of $ PV of $ FVA of $
PVA of $ FVAD of $ and PVAD of $Use appropriate factors
from the tables provided.What is the amount to be added to the rightofuse asset and
lease liability under the residual value guarantee?Amount to be Added:
