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thanks! will give a thunbs up! Lessor Company has equipment that cost $40.000 and has a. fair value of $50,000. There is an ungvaranteed residual

thanks! will give a thunbs up!
Lessor Company has equipment that cost $40.000 and has a. fair value of $50,000. There is an ungvaranteed residual Value of $3000. The lease term is 6 years. Compute the periodic lease payments due at the beginning of each year for this sales ntype lease and prepare the jounnal entries for Lesson for tha first year. The implicit rate for the lease is 7%

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