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23. ABC leased a building from XYZ. The lease transfers legal ownership to ABC at lease-end. The present value of lease payment is $25,307 at
23. ABC leased a building from XYZ. The lease transfers legal ownership to ABC at lease-end. The present value of lease payment is $25,307 at signing. The useful life of the asset is 16 years and the lease term is 8 years. ABC's amortization expense in year 1 of the lease is?
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Cost And Management Accounting
Authors: Colin Drury
9th Edition
1473749050, 978-1473749054
