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Pharoah Company has a machine with a cost of $678000 which also is its fair value on the date the machine is leased to Park
Pharoah Company has a machine with a cost of $678000 which also is its fair value on the date the machine is leased to Park Company. The lease is for 6 years and the machine is estimated to have an unguaranteed residual value of $67000. If the lessor's interest rate implicit in the lease is 12%, the 6 beginning-of-the-year lease payments would be Click here to view factor tables. O $147238. O $132688. O $139867. O $113000. Pharoah Company has a machine with a cost of $678000 which also is its fair value on the date the machine is leased to Park Company. The lease is for 6 years and the machine is estimated to have an unguaranteed residual value of $67000. If the lessor's interest rate implicit in the lease is 12%, the 6 beginning-of-the-year lease payments would be Click here to view factor tables. O $147238. O $132688. O $139867. O $113000
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