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Dallas Company leases a machine from TX Corp. under an agreement which meets the criteria...

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Dallas Company leases a machine from TX Corp. under an agreement which meets the criteria to be a capital lease for Dallas. The six-year lease requires payment of $150,000 at the beginning of each year, including $30,000 per year for maintenance, insurance, and taxes. The incremental borrowing rate for the lessee is 10%; the lessor's implicit rate is 8% and is known by the lessee. The present value of an annuity due of 1 for six years at 10% is 4.79079. The present value of an annuity due of 1 for six years at 8% is 4.99271 . Dallas should record the leased asset at a. $704,210. b. $599,125 c. $674,016 d. $750,107 QUESTION 18 The fnllowino data are for the nension nlan for the emnlovees of Central Comnanv Click Save and Submit to save and submit. Click Save All Answers to save all answers

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