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Kataran Company enters into a 4-year lease transaction, with payments due at the beginning of each year The lease payments are $78,000 per year The
Kataran Company enters into a 4-year lease transaction, with payments due at the beginning of each year The lease payments are $78,000 per year The fair value of the leased asset is $290,000 The lessor's deferred initial direct costs are equal to $24,000. The lessor's estimate of the unguaranteed residual asset is $115,000 Based on the above information, what is the implicit rate in the lease for Kataran? A. . . OD, 14.77% 16.54% 11.48% 21.81%
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