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Wayne Technical Corporation signed a lease for equipment, which requires lease payments of $50,000 per year for four years. The equipment has an estimated useful
Wayne Technical Corporation signed a lease for equipment, which requires lease payments of $50,000 per year for four years. The equipment has an estimated useful life of 7 years. This lease would be a finance lease if: O the lease agreement allows Wayne to purchase the equipment for $5 at the end of the lease term. O title to the equipment does not transfer to the lessee at the end of the lease term. O the present value of the lease payments equals $150,000 and the fair value of the equipment is $300,000. O the equipment is leased for 4 years.
PLEASE LET ME KNOW IF ITS A,B,C OR D!!
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