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On December 31, 20X1, Davian LLC leased a machine from Cook for a 5-year period, expiring December 30, 20X6. Annual payments of $100,000 are due on December 31. The first payment was made on December 31, 20X2, and the second payment was made on December 31, 20X3. The present value at the inception of the lease for the 5 lease payments discounted at 8% was $386,100. The lease is appropriately accounted for as a finance lease by Davian. (Do not round your intermediate calculations and round final answers to the nearest whole dollar amount)
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problem 1: What portion of the total liability on December 31, 20X3 should be classified as a current liability?
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