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Refer to the following lease amortization schedule. The 10 payments are made annually starting with the beginning of the lease. Title does not transfer to
Refer to the following lease amortization schedule. The 10 payments are made annually starting with the beginning of the lease. Title does not transfer to the lessee and there is no purchase option or guarantecd residial value. The asset has an expected economic ife of 12 years. The lease is noncancelable What amount would the lestee record as annual amortization on the night of ase asset using the straght lirie method? Note: Aound your answer to the nearest whole dolat. What amount would the lessee record as annual amortization on the right of ase asset using the straight line method? Note: Round your answer to the nearest whole dollet. Marvie Choice 510146 514094 84746 510.20
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