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A lessee had a ten-year capital lease requiring equal annual payments. The reduction of the lease liability in year two should equal The current liability

A lessee had a ten-year capital lease requiring equal annual
payments. The reduction of the lease liability in year two should
equal

The current liability shown for the lease at the end of
year one.
The current liability shown for the lease at the end of
year two.
The reduction of the lease obligation in year one.
One-tenth of the original lease liability.


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