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Right anwser is C. On December 31, 2018. Lang Corporate leased a ship from Fort Company for an eight-year period expiring December 30, 2026. Equal

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On December 31, 2018. Lang Corporate leased a ship from Fort Company for an eight-year period expiring December 30, 2026. Equal annual payments of exist500,000 are due on December 31 of each year, beginning with December 31, 2018. The lease is properly classified as a capital lease on Lang's books. The present value a December 31, 2018 of the eight lease payments over the lease term discounted at 10% is exist2, 934, 213. Assuming all payments are made on time, the amount that should be reported by Lang Corporation as the total obligation under capital leases on its December 31, 2019 balance sheet is a. exist2, 727, 635. b. exist2, 500, 397. c. exist2, 177, 634. d. exist3,000,000

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