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On January 1,2015, South Carolina Development leased a parking lot and had the following information: The rental amount is $210,000 per year payable annually in
On January 1,2015, South Carolina Development leased a parking lot and had the following information: The rental amount is $210,000 per year payable annually in advance.
The estimated life of the asset is 25 years
The interest traded is 4% Expected residual value of the building at end of lease period (None)
There are no lease period in the residual value
Can you do the table for the leased couple years for me to do the rest and the calculations.
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