The amount of the lease receivable will be $146999.
<h3>What are lease receivable?</h3>
It should be noted that lease receivables means all the payments under the operative documents in respect of:
(i) the Purchaser Basic Rent,
(ii) the Maximum recourse amount,
(iii) the Purchaser Balance and
(iv) any purchase by the Lessee of the Properly up to the amount of the Capital then outstanding.
In this case, the lease is a 7 year period and requires equal annual payments of $26143 at the beginning of each year and the first payment is received on January 1, 2017.
The lease receivable will be:
= PVAD8%,7 × Lease payment
= 5.62288 × 26143
= $146999
In conclusion, the lease receivable is $146999.
Learn more about lease receivable on:
brainly.com/question/25760475
#SPJ1
