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On January 1, 2020, Digital, Inc. Leased heavy machinery from Young Leasing Company. The terms of the lease require annual payments of $25,000 for 20

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On January 1, 2020, Digital, Inc. Leased heavy machinery from Young Leasing Company. The terms of the lease require annual payments of $25,000 for 20 years beginning on December 31, 2020. The interest rate on the lease is 10%. Assume the lease qualifies as a capital lease and Digital, Inc. employs the double-declining balance method to depreciate its assets Calculate the book value of the Leased asset at December 31, 2022. Use the time value of money factors posted in carmen to answer this question. To access these factors, click modules and then scroll to week 12. Click on the link labeled present & future 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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