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Given: PMT= 600, N-YEARS=4, Interest=5%, PV=?, Use straight line depreciation. Question: Find the total expense for an operating lease and a capital lease for year

Given:

PMT= 600, N-YEARS=4, Interest=5%, PV=?, Use straight line depreciation.

Question: Find the total expense for an operating lease and a capital lease for year 2.

OL=?

CL=?

Remember: Total expense for capital lease = Interest expense+ depreciation expense

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