Business, 11.03.2020 23:16 Marley3082

On January 1, 2018, Nguyen Electronics leased equipment from Nevels Leasing for a four-year period ending December 31, 2021, at which time possession of the leased asset will revert back to Nevels. The equipment cost Nevels $824,368 and has an expected economic life of five years. Nevels expects the residual value at December 31, 2021, will be $100,000. Negotiations led to the lessee guaranteeing a $140,000 residual value.

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On January 1, 2018, Nguyen Electronics leased equipment from Nevels Leasing for a four-year period e...

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