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Concord is $15400. The lease meets the criteria of a finance lease. Concord is not aware of Pharoah's implicit interest rate and their incremental borrowing

Concord is $15400. The lease meets the criteria of a finance lease. Concord is not aware of Pharoah's implicit interest rate and their incremental borrowing rate is 11%. What is the amount Concord will record as the lease liability/right-of-use asset on January 1, 2025 before the first payment is made? PV Annuity Due PV Ordinary Annuity PV Single Sum 11%, 5 periods 4.10245 3.69590 0,59345

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