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What amount of monthly rent expense should be recognized

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Reference no: EM132513631

A company has an operating lease for its office space. The lease term is 120 months and requires monthly rent of $15,000. As an incentive for the company to enter into the lease, the lessor granted the first eight months' rent at no cost.

Question 1: What amount of monthly rent/lease expense should be recognized over the life of the lease?

Reference no: EM132513631

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