Oriole Company on January 1, 2021, enters into a 9-year noncancelable lease for equipment having an estimated useful life of 10 years and a fair value to the lessor, Daly Corp., at the inception of the lease of $4,200,000. Oriole's incremental borrowing rate is 6%. Oriole uses the straight-line method to depreciate its assets. The lease contains the following provisions: 1. Rental payments of $262,000 are payable at the beginning of each six-month period.
2. An option allowing the lessor to extend the lease one year beyond the lease term.
3. A guarantee by Oriole Company that Daly Corp. will realize $235,000 from selling the asset at the expiration of the lease. However, the actual residual value is expected to be $125,000.

Required:
a. What kind of lease is this to Krause Company?
b. What should be considered the lease term?
c. What is the present value of the lease payments (1) for classification of the lease and (2) for measurement of the lease liability?

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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answer; empowerment and collaboration;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.