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Business, 07.04.2020 16:57 gomek

Titanic Corporation leased executive limousines under terms of $20,000 to be paid at the inception of the lease, and four equal annual payments of $30,000 to each be paid thereafter on the anniversary date of the lease. The interest rate implicit in the lease is t1%. The first year's interest expense limousines under terms of $20,000 to be paid at the inception of the lease, and four equal annual payments of References would be: Multiple Choice a.$13,200b.$13,238

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