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12. Crane Company has a machine with a cost of $849000 which also is its fair value on the date the machine is leased to
12. Crane Company has a machine with a cost of $849000 which also is its fair value on the date the machine is leased to Park Company. The lease is for 6 years and the machine is estimated to have an unguaranteed residual value of $86000. If the lessors interest rate implicit in the lease is 12%, the 6 beginning-of-the-year lease payments would be Click here to view factor tables.
$184374.
$174912.
$165697.
$141500.
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