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On January 1 , 2 0 2 4 , Hoka Company leased a computer from Wilky Leasing for four years. The lease requires $ 3

On January 1,2024, Hoka Company leased a computer from Wilky Leasing for four years. The lease requires $3,000 payments on January 1 of each year, starting in 2024. The interest rate for this lease is 10%. The computer has a useful life of seven years and can be purchased for $15,000. How much amortization expense will Hoka Company record in 2024 for this lease?

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