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on January 1, 2017 Amman Co. leased machinery from Jordan co. The lease term is...

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Accounting

on January 1, 2017 Amman Co. leased machinery from Jordan co. The lease term is 4 years and requires lease payments of $43,019 are made at the beginning of each year. The present value of lease payments $150,000. an estimated useful life of 4 years and no residual value. straight-line depreciation. The appropriate interest rate is 10% The amount of leased machinery is

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