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Carla Vista Company has a machine with a cost of $813000 which also is its fair value on the date the machine is leased to
Carla Vista Company has a machine with a cost of $813000 which also is its fair value on the date the machine is leased to Park Company. The lease is for 6 years and the machine is estimated to have an unguaranteed residual value of $82000. If the lessor's interest rate implicit in the lease is 10%, the 6 beginning-of-the-year lease payments would be Click here to view factor tables. $152584. $135500. $169701. $160039
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