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E21.7 (LO 2, 4) (Type of Lease; Amortization Schedule) Macinski Leasing Company leases a new machine to Sharrer Corporation. The machine has a cost of

E21.7 (LO 2, 4) (Type of Lease; Amortization Schedule) Macinski Leasing Company leases a new machine to Sharrer Corporation. The machine has a cost of $70,000 and fair value of $95,000. Under the 3-ye...

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