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Question 23 4 pts Eglin Company leased equipment from Hatch Enterprises on January 1, 2019. The lease, which qualities as an operating lease, calls for

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Question 23 4 pts Eglin Company leased equipment from Hatch Enterprises on January 1, 2019. The lease, which qualities as an operating lease, calls for annual lease payments, starting on January 1, 2019, of $23,000. The right of use asset was originally recorded at $176,000. Eglin's fiscal year ends on December 31. Hatch's implicit rate of return for this lease is 6%. Calculate Eglin's amount of amortization expense on the right of use asset for 2019. 27

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