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Question: And December 31 year one company least a machine under a capital finance lease for a period of 10 years contract and pay $50,000 on signing the lease and $50,000 annually on December 31 of each of the next nine years. The present value on December 31 year one of the 10 year lease payments discounted at 10% was 338 at December 31, you're too Yves total capital finance lease liability is. $243,000 303,980, $259,200 or $266,800

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Accounting Basics, Accounting

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