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How do I find capital lease obligations? six ovens were rented December 31, with $20,000 charged to rent expense. The lease runs for 6 years
How do I find capital lease obligations?
six ovens were rented December 31, with $20,000 charged to rent expense. The lease runs for 6 years with an implicit interest of 5%. At the end of 6 years, Peyton will own them. Make any necessary adjusting entries.
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