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Neri Foods Corporation leased a commercial food processor on September 3 0 , 2 0 2 4 . The five - year finance lease agreement

Neri Foods Corporation leased a commercial food processor on September 30,2024. The five-year finance lease agreement calls for Neri to make quarterly lease payments of 117,464, payable each September 30, December 31, March 31, June 30, with the first payment at September 30,2024. Neri's incremental borrowing rate is 12

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