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Prepare an amortization schedule that would be suitable for the lessee for the lease term. (Round present value factor calculations to 5 decimal places, e.g.
Prepare an amortization schedule that would be suitable for the lessee for the lease term. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answers to 0 decimal places e.g. 5,275.) The following facts pertain to a non-cancelable lease agreement between Faldo Leasing Company and Splish Company, a lessee. The asset will revert to the lessor at the end of the lease term. The lessee uses the straight-line amortization for all leased equipment
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