Question
on january 1, Getsocio corporation signs a 6 year lease , which requires annual payment of $ 51,000 on dec 31. the lease meets the
on january 1, Getsocio corporation signs a 6 year lease , which requires annual payment of $ 51,000 on dec 31. the lease meets the requirementa of a financial lease. assuminh an effectibe intrest ratw of 5% , calculate the value of the lease liabilty after the fiest payment
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Financial & Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
9781133607618, 978-1285868776
