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On January 1, 2016, Gibson Corporation entered into a four-year operating lease. The payments were...

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Accounting

On January 1, 2016, Gibson Corporation entered into a four-year operating lease. The payments were as follows: $25,500 for 2016, $18,500 for 2017, $15,500 for 2018, and $13,500 for 2019. What is the correct amount of lease expense for 2017?

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