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Business, 30.07.2021 01:10 makylahoyle

Red Co. recorded a right-of-use asset of $170,000 in a 10-year finance lease. Payments of $27,667 are made annually at the end of each year. The interest rate charged by the lessor and known by Red was 10%. The balance in the lease payable after two years will be

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Red Co. recorded a right-of-use asset of $170,000 in a 10-year finance lease. Payments of $27,667 ar...
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