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The asset will revart to the lessor at the end of the lass term. The lasses uses the straight-line amortization for all lassd equipmant Clickhere
The asset will revart to the lessor at the end of the lass term. The lasses uses the straight-line amortization for all lassd equipmant Clickhere toview factar tables. (a) Your answar is partially correct. Prepare an amartization schedule that would be suitabla for the lasses for the lase term. (Round present value foctar calaulations to 5 decimal places, eg. 1.25124 and the final answers to 0 decimal ploces e.8. 5,275.) Llst of Accounits Attempts: 2 of 2 used (b) Prapare all of the journal entries for the lesses for and to record the less agreement, the lesse payments, and all expenses related to this leass. Assums the lasses's annual accounting psriod snds on December a1. (Credit account fities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter o for the amounts. Round answers to 0 decimal ploces es. 5,275. Record ioumal entries in the order presented in the problem.J
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