Business, 10.10.2019 23:30 bryan505

Knottworth gedding consulting leased machinery from red inc. on july 1, 2021. the lease was recorded as a finance lease. the present value of the lease payments discounted at 10% was $40.5 million. ten annual lease payments of $6 million are due each july 1 beginning july 1, 2021. what amount of interest expense from the lease should knottworth gedding report in its december 31, 2021, income statement?

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Knottworth gedding consulting leased machinery from red inc. on july 1, 2021. the lease was recorded...

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