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6. On January 1, 2021 a company enters a 12-month lease contract for a new laser copier machine. The lease contract legally binds the company

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6. On January 1, 2021 a company enters a 12-month lease contract for a new laser copier machine. The lease contract legally binds the company to make twelve $2,500 monthly lease payments at the beginning of each month January 1 through December 1, 2021.

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