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(e) Prepare the journal entry at commencement of the lease for Zewit, assuming (1) Zewit does not know Majjc's implicit rate (Zewit incremental borrowing rate

(e) Prepare the journal entry at commencement of the lease for Zewit, assuming (1) Zewit does not know Majjc's implicit rate (Zewit incremental borrowing rate is 8%), and (2) Zewit incurs initial dir...

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