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Business, 07.03.2020 03:00 noglapotato

A government enters into a lease agreement for the purchase of a new snow plow. The present value of the future lease payments is $845,500 and there is a down payment at the inception of the lease of $25,000. The snow plow should be recorded in the General Fund at:.
a. $25000
b. $870500
c. $84550
d. $0

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