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QUESTION 25 (5 points) On January 1, 2021, Triangle Co. signed a 5 year lease on an asset with a 8 year economic life. The
QUESTION 25 (5 points) On January 1, 2021, Triangle Co. signed a 5 year lease on an asset with a 8 year economic life. The lease doesn't transfer ownership or have a BPO. If the $439,245 lease payments had an initial present value of $2,033,658 and Triangle Co.'s incremental interest rate is 4%, how much amortization expense will the company recognize on its 2021 income statement from this finance lease? (10 20 & 22) O $439,245 $406,732 O $254,207 $0
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