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The following facts pertain to a non-cancelable lease agreement between Faldo Leasing Company and Monty Company, a lessee. The asset will revert to the lessor

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The following facts pertain to a non-cancelable lease agreement between Faldo Leasing Company and Monty Company, a lessee. The asset will revert to the lessor at the end of the lease term. The lessee uses the straight-line amortization for all ieased equipment. Click here to view factor tables. (a) Prepare an amortization schedule that would be suitable for the lessee for the lease term. (Round present value foctor calculations to 5 decimal places, es. 1.25124 and the final answers to 0 decimal places eg. 5,275.) 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 places es. 5,275.)

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