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A lease agreement that qualifies as a finance lease calls for annual lease payments of $ 6 0 , 0 0 0 over a six
A lease agreement that qualifies as a finance lease calls for annual lease payments of $ over a sixyear lease term also the assets useful life with the first payment on January the beginning of the lease. The interest rate is The lessors fiscal year is the calendar year. The lessor manufactured this asset at a cost of $
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What would be the increase in earnings that the lessor would report in its income statement for the first year ended December ignore taxes
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