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b. Prepare a schedule of the lease liability for the 4-year lease term. - Note: Round each amount in the schedule to the nearest whole

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed b. Prepare a schedule of the lease liability for the 4-year lease term. - Note: Round each amount in the schedule to the nearest whole dollar. Use the rounded amount for later calculations in the schedule. Please answer all parts of the question. other costs associated with this lease. Required a. How would Lessee Inc. classify the lease? c. Prepare a schedule of the right-of-use asset for the 4-year lease term. - Note: Round each amount in the schedule to the nearest whole dollar. Use the rounded amount for later calculations in the schedule. d. Prepare the entries for Lessee Inc. on January 1 and December 31 of the first two years of the lease term, assuming Lessee Inc.'s accounting year ends December 31 - Note: Round your answers to the nearest whole dollar. b. Prepare a schedule of the lease liability for the 4-year lease term. - Note: Round each amount in the schedule to the nearest whole dollar. Use the rounded amount for later calculations in the schedule. Please answer all parts of the question. other costs associated with this lease. Required a. How would Lessee Inc. classify the lease? c. Prepare a schedule of the right-of-use asset for the 4-year lease term. - Note: Round each amount in the schedule to the nearest whole dollar. Use the rounded amount for later calculations in the schedule. d. Prepare the entries for Lessee Inc. on January 1 and December 31 of the first two years of the lease term, assuming Lessee Inc.'s accounting year ends December 31 - Note: Round your answers to the nearest whole dollar

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