Question:On January 1 of Year 1, the XYZ Company Clinic leases some diagnostic equipment under a capital lease for six years. Using 10 percent interest, the present value of the lease liability is $244,000 on January 1 of Year 1. After the first lease payment is made on December 31 of Year 1, the clinic reports a lease liability of $212,400.

Given the above information, what is the amount of each lease payment? 

A $46,936 
B $31,600 
C $56,000 
D $40,664 

+ Answer
C 

+ Explanation
Answer not sure

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Md. Habib Ullah

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