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Question 20 The Wentworth Company leased an asset from Appleton Company. Data: lot yet nswered . Sints out of 00 Asset BV: $250,000 Asset FMV:
Question 20 The Wentworth Company leased an asset from Appleton Company. Data: lot yet nswered . Sints out of 00 Asset BV: $250,000 Asset FMV: $300,000 Lessor and Lessee rate: 6% Annual 12/31 payments: $45,576 Lease Commencement: 12/31/21 8-year lease, 8-year asset life Flag question Appleton's 12/31/22 Lease Receivable balance will be approximately Select one: O a. $255,794 O b. $254,424 O c. $224,113 O d. $204,424 O e. $239,159 ton 21 For which type of lease does the lessee report interest expense and amortization expense separately? et ered out of Select one: O a. Operating O b. Finance O c. Short-term O d. Direct Financing
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