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Sheridan Company has a machine with a cost of $687000 which also is its fair value on the date the machine is leased to Park

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Sheridan Company has a machine with a cost of $687000 which also is its fair value on the date the machine is leased to Park Company. The lease is for 6 years and the machine is estimated to have an unguaranteed residual value of $68000. If the lessor's interest rate implicit in the lease is 11%, the 6 beginning-of-the-year lease payments would be Click here to view factor tables. O $138556. O $131817. O $114500. O $146298

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