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On January 1, 2021, Majestic Mantles leased a lathe fromEquipment Leasing under a finance lease. Lease payments are madeannually. Title does not transfer to the

On January 1, 2021, Majestic Mantles leased a lathe fromEquipment Leasing under a finance lease. Lease payments are madeannually. Title does not transfer to the lessee and there is nopurchase optio 2 answers

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