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step by step solution needed to get the answer 16712 GHI acquires an asset (FV-E248,000; This arrangement is a finance lease settled by six annual

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step by step solution needed to get the answer 16712
GHI acquires an asset (FV-E248,000; This arrangement is a finance lease settled by six annual instalments of 46,000 paid in arrears, interest rates were 14%; The current liability at end of year three is nearest- Select one: a. 16712 b. 14659 c. E12859 d. 11279 e. N.oT incorrect The correct answer is: 16712

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