ays Company has a machine with a cost of $400,000 which also is its fair...
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ays Company has a machine with a cost of $400,000 which also is its fair value on the date the machine is leased to Park Company. The lease is for years and e machine is estimated to have an unguaranteed residual value of $40,000. If the lessor's interest rate implicit in the lease is 12%, the six beginning of the year ase payments would be $92,361. $82,465 $78,180. $66,667
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