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How do I account for depreciation over 8 years with a $5,000 prepayment and $10,000 every year for 8 years. Value of purchase is 62,000.
How do I account for depreciation over 8 years with a $5,000 prepayment and $10,000 every year for 8 years. Value of purchase is 62,000. Interest rate is 10%. No payout at the end of the lease.
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