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Demate Company purchased a 20-year lease, paying 450000 for it at the time of purchase. Demate amortized the lease on the straight-line basis and charge

Demate Company purchased a 20-year lease, paying 450000 for it at the time of purchase. Demate amortized the lease on the straight-line basis and charge expenses for 27500 each year for 12 years. Duri...

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