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Business, 02.03.2020 23:06 BigGirlsTheBest

Anderson Consulting leased machinery from Red Inc. on July 1, 2018. The lease was recorded as a finance lease. The present value of the lease payments discounted at 9% was $718,000. Ten annual lease payments of $102,641 are due each July 1 beginning July 1, 2018. On July 1, 2019 the debit to Lease Payable will be $.

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Anderson Consulting leased machinery from Red Inc. on July 1, 2018. The lease was recorded as a fina...

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