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What will be the effect of the lease on Ward earnings

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Question - Ward Products leased office space under a 15-year operating lease agreement. The lease specified 180 monthly rent payments of $6,800 each, beginning at the inception of the lease. In addition to the first rent payment, Ward also paid a $270,000 advance payment at the lease's inception. What will be the effect of the lease on Ward's earnings for the first year (ignore taxes)?

Reference no: EM132569509

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