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12. Crane Company has a machine with a cost of $849000 which also is its...

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Accounting

12. Crane Company has a machine with a cost of $849000 which also is its fair value on the date the machine is leased to Park Company. The lease is for 6 years and the machine is estimated to have an unguaranteed residual value of $86000. If the lessors interest rate implicit in the lease is 12%, the 6 beginning-of-the-year lease payments would be Click here to view factor tables.

$184374.

$174912.

$165697.

$141500.

Answer & Explanation Solved by verified expert
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