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What amount would Freeman Ltd use to record the lease

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Question - Gordon Ltd leases a mining helicopter from Freeman Ltd. The right to use asset is valued at $329 133. The lease payment is $100,000 for three years. Gordon Ltd guarantees the estimated residual value of the helicopter in full. Both Gordon Ltd and Freeman Ltd have the same interest rate implicit in the lease as 5%. What amount would Freeman Ltd use to record the lease receivable in their books?

Reference no: EM132528175

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