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The lease does not contain a purchase option or a renewal option. The lessee had no other costs associated with this lease. Required a. How

image text in transcribed The lease does not contain a purchase option or a renewal option. The lessee had no other costs associated with this lease. Required a. How would Lessee Inc. classify the lease? b. Prepare a schedule of the lease liability for the 4-year lease term. - Note: Round each amount in the schedule to the nearest whole dollar. Use the rounded amount for later calculations in the schedule

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