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A government enters into a lease agreement for the purchase of a new snow plow. The present value of the future lease payments is $845,500
A government enters into a lease agreement for the purchase of a new snow plow. The present value of the future lease payments is $845,500 and there is a down payment at the inception of the lease of $25,000. The snow plow should be recorded in the government-wide statement of net position at
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