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On January 1 , 2 0 2 4 , QulckStream Communications leased telephone equipment from Diglum, Incorporated Diglum's cash selling price for the equipment is
On January QulckStream Communications leased telephone equipment from Diglum, Incorporated Diglum's cash selling price for the equipment is $
The lease agreement specifies sIx annual payments of $ beginning December and on each December thereafter through
The sixyear lease is equal to the estimated useful life of the equipment.
The contract specifies that lease payments for each year will Increase by the higher of a the Increase In the Consumer Price Index for the preceding year or b
The CPI at the beginning of the lease Is Diglum routinely leases equipment to other firms.
The interest rate in these lease arrangements is
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