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Under a capital lease, a hotel has a lease obligation of $360,000. The rental payment is $6,000 per month, including $500 for property taxes. The

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Under a capital lease, a hotel has a lease obligation of $360,000. The rental payment is $6,000 per month, including $500 for property taxes. The hotel's incremental borrowing rate is 15%. What is the reduction in the lease obligation for the next rental payment? a. $6.000 b. $1,000 C$1.900 d. $5,500

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