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Question 1 Patrick Ltd decides to lease some machinery from Amy Lid on the following terms: Date of lease inception: 1 July 2017 Lease term:

Question 1 Patrick Ltd decides to lease some machinery from Amy Lid on the following terms: Date of lease inception: 1 July 2017 Lease term: 10 years Life of leased asset: 11 years Unguaranteed residu...

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