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Assume that on December 31st , 2024, the end of the lease term, the balance of the lease receivable is $60,000 and the actual residual
Assume that on December 31st , 2024, the end of the lease term, the balance of the lease receivable is $60,000 and the actual residual value of the equipment is $54,000. What entry, if any, would OC Leasing (Lessor) have to record on date
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Advanced Accounting
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
11th Edition
978-0132568968, 9780132568968
