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5x XYZ Company leased equipment to West Corporation under a lease agreement that qualifies as a finance lease to West but not as a result
5x XYZ Company leased equipment to West Corporation under a lease agreement that qualifies as a finance lease to West but not as a result of a bargain purchase option or a tite transfer. The present value of the lease payments is $630,000 The expected economic ife of the asset is seven years. The ease term is five years. Using the straight-line method, what would West record as annual amortization? Mutple Choice command command option option
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