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What sor will receive year-end lease payments

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Problem 1: SorCompany entered into a lease of equipment to SeeCompany. The lease term was six years. The equipment cost P40,000 and Sorplans to earn a P4,000 dealer profit. Sor's implicit rate on the lease is 12 percent.As a result of this agreement, Sor will receive year-end lease payments of

a. P7,333

b. P8,213

c. P10,702

d. P12,09

Reference no: EM132739509

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