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On January 1, 2019, ABC Company leased office furniture from Floor C ompany The terms of the lease require annual payments of $25,000 for 20

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On January 1, 2019, ABC Company leased office furniture from Floor C ompany The terms of the lease require annual payments of $25,000 for 20 yea rs with the first payment being due on December 31, 2019. The interest rate on the lease is 10%, and the lease qualifies as a capital lease. ABC Comp any uses the double-declining balance method to depreciate its assets Calculate the total amount of cash outflow related to this le ase that would be reported in the operating activities section of ABC Comp any's 2021 cash flow statement You will need to use the time value of money table factors posted in carmen to answer this question. To access these factors, click mod ules and then scroll to week 12. Click on the link labeled present & futu re value table factors. No credit will be awarded for this question using a means other than these table factors to answer this

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