A lease requires 6 annual payments of $8,000 starting immediately. At 5%: PV ...
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A lease requires 6 annual payments of $8,000 starting immediately. At 5%:
PV factor for ordinary annuity of 6 years is 5.076
PV factor for annuity due of 6 years is 5.330
Initial direct costs are $2,000. What is the lessee's initial right-of-use asset? C
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