Tomeguin manufactured 10 excavators and leased them in the current year to its main customer...
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Accounting
Tomeguin manufactured 10 excavators and leased them in the current year to its main customer for 5 years, which is the useful life of the excavators. The contract establishes 5 payments of 20,000 and the cost of each of the machines was $50,000. How should Tomeguin classify the lease? A) Operational B) Sale Type C) Financial D) Capital
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