Ajax entered into a four-year finance lease that specifies eightequal minimum semi-annual lease payments. Each payment is composedof two things: interest expense and a reduction in the net leaseliability. The portion of the fourth lease payment applicable tothe reduction of the net lease liability should be
Question 10 options:
| more than in the fifth payment. |
| the same as in the third payment. |
| less than in the fifth payment. |
| less than in the third payment. |
