Mays company has a machine with a cost of $750,000 which also is its fair value on the date the machine is leased to park company.
the lease is for 6 years and the machine is estimated to have an unguaranteed residual value of $75,000.
if the lessor's interest rate implicit in the lease is 12%, the six beginning-of-the-year lease payments would be :
1.) being hacked by an anonymous stranger.
2.) unauthorized access and fraudulent transactions.
physician assistant studies.