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Brief Exercise 112 Maris Co. purchased a machine on January 1, 2018, for $2,040,000 for the express purpose of leasing it. The machine is expected to have a 5-year Iife, no salvage value, and be depreciated on a straight-line monthly basis. On April 1, 2018, under a cancelable lease, Maris leased the machine to Dunbar Company for $612,000 a year for a 4-year period ending March 31, 2022. Maris incurred total maintenance and other related costs under the provisions of the lease or $22,000 relating to the year ended December 31, 2018. Harley paid $612,000 to Maris on April 1, 2018 Under the operating method, what should be the income before income taxes derived by Maris Co. from this lease for the year ended December 31, 20187 (Round answer to egy $1,575.) decimal places, Income before income taxes what should be the total amount of lease expense curred by Dunbar from this lease for the year ended December 31, 2018? Rent expense Brief Exercise 112 Maris Co. purchased a machine on January 1, 2018, for $2,040,000 for the express purpose of leasing it. The machine is expected to have a 5-year Iife, no salvage value, and be depreciated on a straight-line monthly basis. On April 1, 2018, under a cancelable lease, Maris leased the machine to Dunbar Company for $612,000 a year for a 4-year period ending March 31, 2022. Maris incurred total maintenance and other related costs under the provisions of the lease or $22,000 relating to the year ended December 31, 2018. Harley paid $612,000 to Maris on April 1, 2018 Under the operating method, what should be the income before income taxes derived by Maris Co. from this lease for the year ended December 31, 20187 (Round answer to egy $1,575.) decimal places, Income before income taxes what should be the total amount of lease expense curred by Dunbar from this lease for the year ended December 31, 2018? Rent expense

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