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Gopal Eatery leased restaurant equipment from Krishnan Leasing. Krishnan earns interest under such arrangements at a 6 % annual rate. The lease term is eight
Gopal Eatery leased restaurant equipment from Krishnan Leasing. Krishnan earns interest under such arrangements at a annual rate. The lease term is eight months with monthly payments of $ due at the beginning of each month. Gopal Eatery elected the shortterm lease option. What is the effect of the lease on Gopal Eaterys earnings during the eightmonth term ignore taxes
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