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Business, 21.03.2020 08:54 babydoll818
Refer to the following lease amortization schedule. The five payments are made annually starting with the beginning of the lease. A $2,100 purchase option is reasonably certain to be exercised at the end of the five-year lease. The asset has an expected economic life of eight years. Lease Payment Cash Payment Effective Interest Decrease in Balance Outstanding Balance 40,370 1 9,200
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Refer to the following lease amortization schedule. The five payments are made annually starting wit...
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