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Business, 11.07.2019 23:30 sierranicasio

On september 1, 2011, custom shirts inc. entered into a lease agreement appropriately classified as an operating lease. the lease term is 3 years. the annual payments are (a) $20,000 for year 1, (b) $24,000 for year 2, and (c) $28,000 for year 3. how much rent expense will custom shirts recognize for 2011? a. $6,667. b. $24,000. c. $20,000. d. $8,000.

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