Domebo Corporation has entered into a 5 year lease for a piece of equipment. The...
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Accounting
Domebo Corporation has entered into a 5 year lease for a piece of equipment. The annual payment under the lease will be $2,200, with payments being made at the beginning of each year. If the discount rate is 12%, the present value of the lease payments is closest to (Ignore income taxes.):
Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided. (Round your intermediate calculations to 3 decimal places.)
Multiple Choice $11,000 $6,153 $13,509 $8,881
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