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Cathy Salons leased equipment from Dillion Co. on July 1, 2021, in a finance lease. The present value of the lease payments discounted at 10%

Cathy Salons leased equipment from Dillion Co. on July 1, 2021, in a finance lease. The present value of the lease payments discounted at 10% was $101.385. Ten animal lease payments each year beginning July 1, 2021. The total decrease in eamings (pretax) in Cathy's 2021. income statement would be ignore taxes)

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