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Question 3 0/1 pts At the beginning of the year, Lucas Company entered into a 4-year lease that includes a purchase contract. The expected life
Question 3 0/1 pts At the beginning of the year, Lucas Company entered into a 4-year lease that includes a purchase contract. The expected life of the asset is 8 years. The present value of the lease payments, including the purchase option is 16,768, and the present value of the purchase option is 384. What amount of amortization expense will Lucas report in year 1? 4,192 2,048 2,096 4,096
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