Business, 06.11.2019 19:31, lilianjoyful

On january 1, leveler corporation leased equipment to messy company. the present value of the lease payments is $200,000 and leveler’s cost of the equipment was $125,000. the lease is properly classified as a sales-type lease. in comparison to the entries that would have been made if this lease did not include a selling profit, how are the entries affected because this lease includes a selling profit?

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On january 1, leveler corporation leased equipment to messy company. the present value of the lease...