On October 1, 2024, Sonoma Company leased equipment from Napa incorporated in lease payable in...
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On October 1, 2024, Sonoma Company leased equipment from Napa incorporated in lease payable in five equal annual payments of $440,000. beginning Ottober 1, 2025. Similar transactions have carried an 12% interest rate. The right-of-use asset would be recorded at: Note: Use tables, Excel, or a financial calculator. [EV of \$1, PV of S1, EVA of \$1,PVA of \$1, EVAD of \$1 and EVAD of S1] Merpie Covice 50. \$1586103: 5me.434 32200000
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