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Will someone help me with this question please!! 3. Trusted Securi-T opened operations in Marshall in January 2023 by signing a 30-year lease on retail

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3. Trusted Securi-T opened operations in Marshall in January 2023 by signing a 30-year lease on retail space. The property has a market value of $250,000. TS-T's borrowing rate is 7.8\%. The lessor's bornowing rate, which is known to TS-T, is 6.5\%. TS-T will make a payment of \$17,976 at the beginning of each year of the lease. The space has an estimated useful life of 30 years and no residual value. The asset will be amortized on a straight-line basis. The obligation will be reduced on an effective-interest basis. Required: a. Record each of the following Show your calculations.: i. The inception of the lease ii. First lease payment made at inception. ii. The entry to record asset amortization at the end of 2023. iv. The entry to record the liability reduction for 2023. b. Explain in your own words why the asset and related liability will only have the same values at the beginning and the end of the lease

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