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Consider a 4-year operating lease and assume a borrowing rate of 6.0%. Operating lease payments, year 1 = $1200, year 2 = $1,275, Year 3

Consider a 4-year operating lease and assume a borrowing rate of 6.0%. Operating lease payments, year 1 = $1200, year 2 = $1,275, Year 3 = $1350, year 4=1400. What is the total interest?

Using the same situation, What is the lease liability at the end of year 3?

Using the same situation, what is the EOP Right of Use asset value at the end of year one?

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