Question 4 On January 1, 2024, Santee Company leased equipment, with a fair value of $25,771, to Bellimoso Company under a 3-year lease. The economic life of the asset is years value of the lease payments equals $25,771 and $10,000 in annual lease payments are due at the beginning of each year of the lease, beginning January 1, 2024. An implied discount rate of 8% is assumed. Santee's entry to record the lease on January 1, 2024 includes what components? (Choose all that apply) OA debit lease receivable $25,771 OB. credit equipment $25,771 OC.debil ROU asset 25,771 OD. credit lease liability $25,771

Question 4 On January 1, 2024, Santee Company leased equipment, with a fair value of $25,771, to Bellimoso Company under a 3-year lease. The economic life of the asset is years value of the lease payments equals $25,771 and $10,000 in annual lease payments are due at the beginning of each year of the lease, beginning January 1, 2024. An implied discount rate of 8% is assumed. Santee's entry to record the lease on January 1, 2024 includes what components? (Choose all that apply) OA debit lease receivable $25,771 OB. credit equipment $25,771 OC.debil ROU asset 25,771 OD. credit lease liability $25,771