Here Is a Lease Amortization Schedule for Jedi Corporation, the Lessee

Here is a lease amortization schedule for Jedi Corporation, the lessee.
Total interest over term of lease. ??
Annual straight-line amortization on the right-of-use asset. ??
Required:
Round your answers to the nearest whole dollar amounts.
(a) Calculate the effective interest and the decrease in balance for the first lease payment.
(b) Calculate the initial lease obligation above.
(c) Calculate the annual amortization amount. (Round to the nearest dollar).
(d) Calculate the annual interest rate.
(e) Calculate the missing amounts for rows for payments 10 and 11.
(f) Calculate the total effective interest over the term of the lease.

Correct Answer:

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a. Effective interest = 0 for the first ...

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