with National Airlines having an incremental borrowing rate of 10%. Instructions (a) Discuss the nature of this
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with National Airlines having an incremental borrowing rate of 10%.
Instructions
(a) Discuss the nature of this lease in relation to the lessee, and compute the amount of the initial lease liability.
(b) Prepare a 10-year lease amortization schedule.
(c) Prepare all of the lesseeās journal entries for the first year. Assume straight-line depreciation.
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