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Problem 4 In 2020, Burgo Corporation entered into an agreement to lease equipment for six years at 5% annual interest. Annual lease payments are $14,500.

Problem 4 In 2020, Burgo Corporation entered into an agreement to lease equipment for six years at 5% annual interest. Annual lease payments are $14,500. What is the value of the lease that Burgo should include on their 2020 financial statements

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