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Business, 27.08.2019 03:20 bre644

On january 1, 2005, blaugh co. signed a long-term lease for an office building. the terms of the lease required blaugh to pay $10,000 annually, beginning december 30, 2005 and continuing each year for 30 years. the lease qualifies as a capital lease. on january 1, 2005, the present value of the lease payments is $112,500 at the 8% interest rate implicit in the lease. in blaugh's december 31, 2005 balance sheet, the capital lease liability should be

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On january 1, 2005, blaugh co. signed a long-term lease for an office building. the terms of the lea...
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