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The following facts pertain to a non-cancelable lease agreement between Faldo Leasing Company and Sandhill Company, a lessee. The asset will revert to the lessor
The following facts pertain to a non-cancelable lease agreement between Faldo Leasing Company and Sandhill Company, a lessee. The asset will revert to the lessor at the end of the fease term. The lessee uses the straight-line amortization for all leased equipment. Prepare an amortization schedule that would be suitable for the lessee for the lease term. (Round present value foctor calculations to 5 decimal places, eg. 1.25124 and the final answers to 0 decimal ploces eg. 5,275.) 1/1/20 1/1/21 1/1/22 1/1/23 1/1/24 1/1/25 12/31/26
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