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Q36 Question 36 (3 points) Dyer, Inc. has a finance-type lease with Mid-States Equipment Supply Corp. from which Dyer has leased production equipment for use.
Q36 Question 36 (3 points) Dyer, Inc. has a finance-type lease with Mid-States Equipment Supply Corp. from which Dyer has leased production equipment for use. The interest rate effective in the lease is 8%. Dyer will make annual payments of $1,680. At the end of year 2 of the lease, the balance sheet value of the lease liability is $9,654. What amount of lease liability will Dyer report at the end of year 3 of the lease
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