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A government signed a five-year capital lease on January 1, 2017 to obtain some equipment. The lease provided th government would make a down payment

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A government signed a five-year capital lease on January 1, 2017 to obtain some equipment. The lease provided th government would make a down payment of $20,000 and four $20,000 payments each year after that, beginning Ja 1, 2016. The government has a fiscal year ending December 31. Upon inception of the lease, the government, in its governmental fund accounting records would: nuary

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