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Assume that a facility is being purchased through a non-cancellable capital lease over the 10-year contract. If the facility is being purchased for the fair

Assume that a facility is being purchased through a non-cancellable capital lease over the 10-year contract. If the facility is being purchased for the fair value of $4.5 million at a 6% implicit annual interest rate, with no residual value, an economic life of 10 years, and equal payments due at year-end, what journal entries would Genpact make for year 1?

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