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32. For Jones Company, the lessee, the present value of 6 lease payments is $500,000. The interest rate is 10%. Each payment is 5100,000. The
32. For Jones Company, the lessee, the present value of 6 lease payments is $500,000. The interest rate is 10%. Each payment is 5100,000. The first payment is made at the start of the lease. The total interest expense over the life of the lease is: (hint you don't have to do the entire amortization schedule to answer this question) a $100.000 b. 5500,000 c. $600.000 d. zero e. none of the above
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