Assuming the computer has a ten-year life and will have no, Ask an Expert

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Jill norris is presently leasing a small business computer from stark office equipment company. the lease requires 10 annual payments of $2,500 at the end of each year and provides the lessor (stark) with an 8% return on its investment.

Assuming the computer has a ten-year life and will have no salvage value at the expiration of the lease, what was the original cost (present value) of the computer to Stark?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9402745

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