on December 31, 2019, marin corporation singed a 5-year non-cancelable lease for a machine. The terms of the lease called for marin to make annual payment of $8,199 at yhe beginning of each year, starting dec. 31, 2019. The machine has an estimated useful life of 6 years and a $5,200 unguaranteed residual value. the machine reverts back to the lessor at the end of the lease term. marin uses the straight-line method of depreciation for all of its plan assets. marin's incremental borrowing rate is 4% and the lessor's implicit rate is unknow.

signment aces Exercise 21-01 On December 31, 2019, Mr Corporation signed a year, non-cancelable as a machine. The terms of the war to me December 31, 2019. The machine was an estimated the years and a $5,200 ungranteed result. The machinert badet method depreciation for all of its plantas Marin's cremental borrowing rates, and the lesson plate Your answer is correct What type of case is the LINEET entre for Marin for this through December 31, 2000. (Record journal entries in the order presented in the problem. Credit Care hentare. Da noindent manually. Round answers to decimal places 5,275) Debi Credit 37942