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ACC541 Accounting Theory and Research Assignment

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ACC541 Accounting Theory and Research Assignment - University of Phoenix, USA

Question - Sunland Company has a machine with a cost of $804000 which also is its fair value on the date the machine is leased to Park Company. The lease is for 6 years and the machine is estimated to have an unguaranteed residual value of $81000. If the lessor's interest rate implicit in the lease is 8%, the 6 beginning-of-the-year lease payments would be?

Reference no: EM132447858

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ACC541 Accounting Theory and Research Assignment : ACC541 Accounting Theory and Research Assignment Help and Solution, University of Phoenix, USA. The 6 beginning-of-the-year lease payments would be
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