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Bon 7 ered XYZ Company leases a machine from ABC Corp, under an agreement which meets the criteria to be a finance lease for XYZ.

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Bon 7 ered XYZ Company leases a machine from ABC Corp, under an agreement which meets the criteria to be a finance lease for XYZ. The six-year lease requires payment of $102,000 at the beginning of each year, including $15,000 per year for maintenance, insurance, and taxes. The incremental borrowing rate for the lessee is 10%; the lessor's implicit rate is 8% and is known by the lessee. Using the time value tables on pages 284- 293 of the textbook, XYZ should record the leased asset at: ed out of g question Select one: O a $416.799 b $509,256 O c5488,661 di S434,366

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