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Grouper Corporation recorded a capital lease at $227,200on January 1, 2017. The interest rate is13%. Grouper Corporation made the first lease payment of $41,899on January

Grouper Corporation recorded a capital lease at $227,200on January 1, 2017. The interest rate is13%. Grouper Corporation made the first lease payment of $41,899on January 1, 2017. The lease requires 8 annual payments. The equipment has a useful life of8years with no salvage value.

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