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How do I find discount rate and present value for a capital lease? Six ovens were rented on December 31, with $20,000 charged to rent
How do I find discount rate and present value for a capital lease?
Six ovens were rented on December 31, with $20,000 charged to rent expense. The lease runs for 6 years with an implicit interest rate of 5%. At the end of the 6 years, Peyton will own them
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