Calculate the lease expenses for capital lease if: vendor offers a capital lease at a...
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Accounting
Calculate the lease expenses for capital lease if:
vendor offers a capital lease at a total monthly payment of $29,282.32 and includes a $9,661.84 monthly maintenance fee and the lease term is seven years, interest at 10% and you can purchase asset at the end of the lease for $100.00. Include interest, principal payment, balance for each year.
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