Palmer SA entered into an agreement to lease 12 computers from Wendt Electronics. The present value of

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Palmer SA entered into an agreement to lease 12 computers from Wendt Electronics. The present value of the lease payments is €186,300. Assuming that this is a finance lease, what entry would Palmer make on the date of the lease agreement?
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Financial Accounting

ISBN: 978-1118978085

IFRS 3rd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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