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An eight-year, capital lease entered into on March 30, 2011, specified equal minimum annual lease payments due on March 30 of each year. The first
An eight-year, capital lease entered into on March 30, 2011, specified equal minimum annual lease payments due on March 30 of each year. The first minimum annual lease payment, paid on March 30, 2011, consists of which of the following?
Neither Lease Liability nor Interest Expense Both Lease Liability and Interest Expense Interest Expense only
Lease Liability only
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