Question: On January 1 Cornwell Court, Beth Lee a mainframe computer from Fairview Company for 4 2 grand per year payable on each December 3 1

On January 1 Cornwell Court, Beth Lee a mainframe computer from Fairview Company for 42 grand per year payable on each December 31 for 10 years the lease is a capital lease and the current market rate of interest is 12% market value of the computer is 237,300 which is equal to its discounted present value at 12% given this data interest expense on the lease for the first year is it 13,52425,242,000 or 28,476 help me please

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