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On January 1 , 2 0 1 1 Nagani Corp. entered into a nine - year capital lease on a warehouse. Lease payments of $
On January Nagani Corp. entered into a nineyear capital lease on a warehouse. Lease payments of $ are due annually, beginning on December and every December thereafter. Nagani does not know the interest rate implicit in the lease; Nagani's incremental borrowing rate is What amount should Nagar report as capitalized lease liahility at December year
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