Assuming the lease qualifies as a capital lease what amount, Ask an Expert

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On January 1, 2010, Alpine Company signed a four-year lease requiring annual payments of $15,000 with the first payment due on January 1, 2010. Alpine's incremental borrowing note was 6%. Assuming the lease qualifies as a capital lease, what amount would be recorded as leased equipment under capital leases on January 1, 2010?

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Accounting Basics, Accounting

Category:- Accounting Basics
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