Owl Co Leases an asset under a finance lease. The lease has a primary period of 5 yrs and a secondary period of 2 yrs during which a nominal rental will be payable. The asset has an estimated useful life of 6 yrs and a current cash value of $89k. The PV of the minimum lease payment is $87k. what will be the CV value in the SOFP of Owl? Explain Plzz
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Owl Co Leases an asset under a finance lease. The lease has a primary period of 5 yrs and a secondar...
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