Ivanhoe Cosmetics, Inc. has entered into a leasing agreement to rent equipment from Flint Leasing...
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Ivanhoe Cosmetics, Inc. has entered into a leasing agreement to rent equipment from Flint Leasing services. There is no transfer of title, there is not a bargain purchase option, and the cconomic life test is not met. Based on the following information, what amount would be used in the 90% test for the present value of the lease payments for the lessee? $216900 $225679 $264400 $251500
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