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Slow Mo Consulting leased machinery from Red Inc. on January 1, 2018. The lease was recorded as an operating lease. The present value of the lease payments discounted at 12% was $843,000. Eight annual lease payments of $133,212 are due each Jan 1 beginning January 1, 2018.
On December 31, 2018, the amount reported as Amortization Expense on the Income Statement will be $.

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Slow Mo Consulting leased machinery from Red Inc. on January 1, 2018. The lease was recorded as an o...
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