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Business, 28.12.2020 17:30 1576729

Company Inc. enters into a 10-year finance lease at the beginning of 2021 for a total of $250,000. The annual lease payment is $25,000 (payable at the end of each year) and the rate implicit in the lease is 5%. No initial direct costs are incurred. How much interest expense should be recognized in 2021

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Company Inc. enters into a 10-year finance lease at the beginning of 2021 for a total of $250,000. T...
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