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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 payments is $275,137 at

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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 payments is $275,137 at signing. The useful life of the asset is 10 years and the lease term is 5 years. ABC's amortization expense in year 1 of the lease is

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