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Title: A lessee capitalized a lease with a 1/1/x1 inception and which required annual lease payments of Post by: ola on Aug 31, 2018 A lessee capitalized a lease with a 1/1/x1 inception and which required annual lease payments of
$5,000 to be paid each December 31 beginning 12/31/x1. The lessee is to pay an additional $200 each December 31 for maintenance and insurance for the year ending on that date. The last lease payment is due 12/31/x6, on which date the title to the asset transfers to the lessee. The asset is expected to be used by the lessee until 12/31/x9 at which time the asset will have no residual value. What is the total expense related to the lease recognized by the lessee in 20x11? Both lessor and lessee use 10%. A) $4,797 B) $2,378 C) $7,620 D) $6,008 E) $4,598 Title: A lessee capitalized a lease with a 1/1/x1 inception and which required annual lease payments of Post by: gabi0315 on Aug 31, 2018 Content hidden
Title: A lessee capitalized a lease with a 1/1/x1 inception and which required annual lease payments of Post by: ola on Aug 31, 2018 You're an excellent tutor!
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