Technoid Inc. sells computer systems. Technoid leases computers
to Lone Star Company on January 1, 2018. The manufacturing cost of
the computers was $17 million.
This noncancelable lease had the following terms:
What is the interest revenue that Technoid would report for this lease in its 2018 income statement? (Round your answer to the nearest dollar.)
None of these answer choices is correct.
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