Xyz company entered into a lease of special equipment to

Reference no: EM13600508

XYZ Company entered into a lease of special equipment to Pace Company. The lease term was six years. The equipment cost XYZ Company $40,000 and XYZ plans to earn $4,000 dealer profit. XYZ impicit rate on the lease is 12 percent.As a result of this agreement, XYZ will receive year-end lease payments?

Reference no: EM13600508

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