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A construction company leases equipment for its projects. Determine the lease liability balance as of September 30th using the present value of lease payments, with
A construction company leases equipment for its projects. Determine the lease liability balance as of September 30th using the present value of lease payments, with the following details:
- Lease term: 3 years
- Annual lease payment: $10,000
- Discount rate: 8%
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