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Home Q & A Board Other Fields Homework Help Business Accounting
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priyan priyan
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6 years ago
RST entered into a direct financing lease agreement, which required rentals of $9,600, each yearend.
The lease term was for ten years and a 14 percent rate of return is expected by RST. The cost
of the machine for RST was (rounded to the nearest dollar):
A) $50,075
B) $82,560
C) $96,000
D) $109,440
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
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pencils13pencils13
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6 years ago
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priyan Author
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#2
6 years ago
Thanks for your help!
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