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Refer to the following lease amortization schedule. The 10 payments are made annually starting with...

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Accounting

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Refer to the following lease amortization schedule. The 10 payments are made annually starting with the beginning of the lease. Title does not transfer to the lessee and there is no purchase option or guatanteed residual value. The asset has an expected economic life of 12 years. The lease is noncanceiable. What is the outstanding bolance after payment 9 ? (Round your answer to the nearest whole dollar.)

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