Noel Company leases 25 cell phones for three years. The rent for the phones is...
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Noel Company leases cell phones for three years. The rent for the phones is $ a month for months $ in total The fair value of the leased phones is $ Noel has a incremental borrowing rate and the PV of the lease payments is $ Required: a How would Noel have recorded this transaction under SFAS No b How should Noel record this transaction under FASB ASC
Noel Company leases cell phones for three years. The rent for the phones is $ a month for months $ in total The fair value of the leased phones is $ Noel has a incremental borrowing rate and the PV of the lease payments is $
Required:
a How would Noel have recorded this transaction under SFAS No
b How should Noel record this transaction under FASB ASC
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