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Sheridan Cosmetics, Inc. has entered into a leasing agreement to rent equipment from Sheffield Leasing services. There is no transfer of title, there is not

image text in transcribed Sheridan Cosmetics, Inc. has entered into a leasing agreement to rent equipment from Sheffield Leasing services. There is no transfer of title, there is not a bargain purchase option, and the economic life test is not met. Based on the following information, what amount would be used in the 90% test for the present value of the lease payments for the lessee? $258500$222937$271100$231512

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