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Marne Company purchased a machine for leasing purposes on January 1, 2020, for 1,000,000. The machine has a 10 year life has no residual value

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Marne Company purchased a machine for leasing purposes on January 1, 2020, for 1,000,000. The machine has a 10 year life has no residual value and will be deprecated on a straight line bus On January 2, 2020, Mame leased the machine to Dal Company for $130,000 a year for a five-year period ending December 31, 2024 at which time, the machine revet Marne Dal does not guarantee a residual value of the machine at lease end, although Marne does planta case the equipment to Dal for another company for an additional year. Dal paid $10,000 to Monton January 2, 2020, the first annual payment date Stow would Marne Company and Dal company clarify the tease.considering a swimpice interest rate for both parties Select one Marne Company Bal Company Open Marne Company Del Company Marne Company Bal Company Marne Company B Company Marne Company purchased a machine for leasing purposes on January 1, 2020, for 1,000,000. The machine has a 10 year life has no residual value and will be deprecated on a straight line bus On January 2, 2020, Mame leased the machine to Dal Company for $130,000 a year for a five-year period ending December 31, 2024 at which time, the machine revet Marne Dal does not guarantee a residual value of the machine at lease end, although Marne does planta case the equipment to Dal for another company for an additional year. Dal paid $10,000 to Monton January 2, 2020, the first annual payment date Stow would Marne Company and Dal company clarify the tease.considering a swimpice interest rate for both parties Select one Marne Company Bal Company Open Marne Company Del Company Marne Company Bal Company Marne Company B Company

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