Illustrate what amount would be recorded as leased equipment

Reference no: EM13121562

Q. 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?

Reference no: EM13121562

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