Hunt Company leased equipment from Yang Leasing on January 1, 2019. Yang manufactured the equipment at a

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Hunt Company leased equipment from Yang Leasing on January 1, 2019. Yang manufactured the equipment at a cost of $2,200 The area as a finance lease The lease agreement specifies five annual payments of $35.834 beginning January 1, 2019, the beginning of the lease, and eat Deceberg 2022. The present value of the lease payments is 5160,000 The asset's useful life is 5 years. The interest rate is 6%. Prepare ALL 2019 entries required by Yang Leasing to be made on this lease. How will this lease impact Yang's 2019 earnings? Wil earnings increase or decrease and by what amount Agar shousut

Posted Date: Jul 11, 2024 04:21 AM

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Hunt Company leased equipment from Yang Leasing on January 1, 2019. Yang manufactured the equipment at a

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