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Capital Lease Amortization Schedule : A company enters into a capital lease agreement with annual payments of $25,000 for 4 years. The interest rate implicit

Capital Lease Amortization Schedule: A company enters into a capital lease agreement with annual payments of $25,000 for 4 years. The interest rate implicit in the lease is 8%. Calculate the present value of the lease payments and prepare the amortization schedule for the first year.

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