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4. Company A leased a machine from Company B for 12 years. The payments of $30,000 starting on January 1, 2019, the inception date of

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4. Company A leased a machine from Company B for 12 years. The payments of $30,000 starting on January 1, 2019, the inception date of the lease, and then on December 31 for the rest of the lease term. The useful life of the machine is 20 years and is depreciated annually. Company B originally bought the machine for $500,000 and interest is 7%. A. What kind of lease is this? a. Operating b. Finance with profit C. Finance without profit B. What is the PVMLP? I a. 238,280 b. 247,520 C. 254,960 B. Record all the 2019 journal entries for Company A. C. Record all the 2019 journal entries for Company B

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