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Question 10 1 points Save Answer Anderson Consulting leased machinery from Red Inc. on July 1, 2018. The lease was recorded as a finance lease.

Question 10 1 points Save Answer Anderson Consulting leased machinery from Red Inc. on July 1, 2018. The lease was recorded as a finance lease. The present value of the lease payments discounted at 12% was $649,000. Ten annual lease payments of $102,556 are due each July 1 beginning July 1, 2018. On July 1, 2019, the debit to Lease Payable will be $

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