not a spechilized arset. In addition, the economic lile of the equipment is 10 yearsand the present value of the lease payments is less than 90% of the fair value of the equipment. implicit rate used by the lessor is 6%, and this is known to Sandhic flint all debit entries before credit entries. Credit account tities ere automatically indented when the amount is rotered, Do not indent monudly, If no entry is required, select "No Entry" for the occount titles and enter o for the amounts. For colculation purposes, use 5 decimal places as displayed in the foctor table problem ! Clid here to vew tactor tables