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Baillie Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021. Courtney purchased the equipment from Doane Machines at a cost of $253,500,

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Baillie Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021. Courtney purchased the equipment from Doane Machines at a cost of $253,500, its fair value. (FV of \$1. PV of \$1, FVA of \$1. PVA of \$1. FVAD of \$1 and PVAD of \$1) (Use appropriate factor(s) from the tables provided.) Required: Prepare a lease amortization schedule and appropriate entries for Baillie Power from the begining of the lease through December 31. 2021. December 31 is the fiscal year end for each company. Appropriate adjusting entries are recorded at the end of each quarter Prepare a lease amortization schedule. (Round your intermediate calculations and final answers Enter all amounts as positive values.) S Amort 5chedule

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