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Refer to the following leose amortization schedule. The five payments are made annually starting with...

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Accounting

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Refer to the following leose amortization schedule. The five payments are made annually starting with the beginning of the lease. A $2.300 purchase option is reasonably certain to be exercised at the end of the five-year lease. The asset has an expected economic life of eight years: What would be the amount of interest expense recorded with payment 5 ? (Round your answer to the nearest whole dollat amount.) Mutiole Choice $2300

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