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1. What type of lease is this for Youngsun Kim Corporation 2. What...

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Accounting

1. What type of lease is this for Youngsun Kim Corporation
2. What type of lease is this for Irish Lontoc Corporation
3. Calculate the annual lease payment
4. Prepare the required journal entries for 20X1 and 20X2 for the Youngsun Kim Corporation
5. Prepare the required journal entries for 20X1 and 20X2 for the Irish Lontoc Corporation
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