Business
Business, 02.03.2020 23:58, dontcareanyonemo

Slow Mo Consulting leased machinery from Red Inc. on January 1, 2018. The lease was recorded as an operating lease. The present value of the lease payments discounted at 12% was $843,000. Eight annual lease payments of $133,212 are due each Jan 1 beginning January 1, 2018.
On December 31, 2018, the amount reported as Amortization Expense on the Income Statement will be $.

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Slow Mo Consulting leased machinery from Red Inc. on January 1, 2018. The lease was recorded as an o...

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