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Silver Corporation makes $3,000 payments every month for leasing office equipment. Silver recorded a lease payment as follows: Lease payable Interest expense Cash 1,800 1,200

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Silver Corporation makes $3,000 payments every month for leasing office equipment. Silver recorded a lease payment as follows: Lease payable Interest expense Cash 1,800 1,200 3,000 1,800 Amortization expense Right-of-use asset 1,800 Silver must have a(n): Multiple Choice Leveraged lease. Sales-type lease without selling profit. Operating lease. O Finance lease

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