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An operating lease calls for equal payments of $250,000 per year for 6 years. The total expense related to the lease reported in the first

An operating lease calls for equal payments of $250,000 per year for 6 years. The total expense related to the lease reported in the first year of the lease is what?

A. 250,000

B. Zero

C. $1,500,000

D. The present value of the lease payments times the effective interest rate.

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