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On June 1, 2024, Lone Pine leased a building. The lease agreement calls for Lone...

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Accounting

On June 1, 2024, Lone Pine leased a building. The lease agreement calls for Lone Pine to make lease payments of $3,644.82 each month for the next two years, with the first lease payment beginning June 30. The companys normal borrowing rate is 9%.

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