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The following facts pertain to a noncancelable lease agreement between Faldo Leasing Company and Sandhill Company, a lessee. The lessee assumes responsibility for all executory

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The following facts pertain to a noncancelable lease agreement between Faldo Leasing Company and Sandhill Company, a lessee. The lessee assumes responsibility for all executory costs, which are expected to amount to $5, 100 per year. The asset will revert to the lessor at the end of the lease term. The lessee has guaranteed the lessor a residual value of $46,000. The lessee uses the straight-line depreciation method for all equipment. Prepare an amortization schedule that would be suitable for the lessee for the lease term. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58, 971.)

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