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Wildhorse Leasing Company leases a new machine to Blossom Corporation. The machine has a cost of s65.000 and fair value of $95,500. Under the 3-year,

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Wildhorse Leasing Company leases a new machine to Blossom Corporation. The machine has a cost of s65.000 and fair value of \$95,500. Under the 3-year, non-cancelable contract. Blos50m will receive title to the machine at the end of the lease. The machine has a 3year useful life and no residual value. The lease was signed on January 1 2025. Wildhorse expects to earn an 8 ar eturn on its investment and this impicit rate is known by Blossom. The annual centals are payable on each December 31 beginnigg December 31 . 2025 Clickhere tovew tactor tabies (b) For colculation purposes, use 5 decimal places os displaved in the factor toble provided and found finol answers to odecimpleveceres. (5) 275)

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