Business, 13.08.2019 05:30 zzk8

Benedict company leased equipment to mark inc. on january 1, 2017. the lease is for an eight-year period, expiring december 31, 2024. the first of eight equal annual payments of $600,000 was made on january 1, 2017. benedict had purchased the equipment on december 29, 2016, for $3,200,000. the lease is appropriately accounted for as a sales-type lease by

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Benedict company leased equipment to mark inc. on january 1, 2017. the lease is for an eight-year pe...