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Question 9 of 2 0 - 1 View Policies Current Attempt in Progress Sandhill Company leased machinery to Blue Company on July 1 , 2
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Sandhill Company leased machinery to Blue Company on July for a tenyear period expiring June Equal annual payments under the lease are $ and are due on July of each year. The first payment was made on July The rate of interest used by Sandhill and Blue is The lease receivable before the first payment is $ and the cost of the machinery on Sandhill's accounting records was $ Assuming that the lease is appropriately recorded as a sale for accounting purposes by Sandhill, what amount of interest revenue would Sandhill record for the year ended December
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