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Home Q & A Board Other Fields Homework Help Business Accounting
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Waffled Waffled
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Posts: 84
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6 years ago
RST entered into a direct financing lease with ZAB, which called for seven annual rentals of
$3,500 (interest rate 12 percent) to be paid at the end of each year. The lease also contained a
bargain purchase option allowing ZAB to purchase the asset for $2,500 after making the seventh
annual rental payment. The cost of the asset must have been:
A) $17,104
B) $18,473
C) $25,631
D) $27,000
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
Read 52 times
3 Replies
Face with Stuck-out Tongue Realism is important, be real2

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wrote...
#1
6 years ago
A
Waffled Author
wrote...
#2
6 years ago
Going to mark this solved!
Face with Stuck-out Tongue Realism is important, be real2
wrote...
#3
6 years ago
Perfect
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