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06-10-2022
Business

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use the following information to answer the next 5 questions. at the beginning of 20x1, togo, inc. entered into a finance lease to acquire equipment. the lease requires four annual payments of $25,663 beginning on december 31, 20x1. the present value of the lease payments, discounted at 8%, is $85,000. the leased asset is expected to be worthless at the end of the lease and togo uses the straight-line depreciation method.

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