On December 30, 2019, Drew Company leased equipment under a finance lease for a period of 10 years. Drew contracted to pay $90,000 annual rent on December 31, 2019, and on December 31 of each of the next nine years. The finance lease liability was appropriately recorded at $608,312 on December 30, 2019, before the first payment. The leased equipment has a useful life of 12 years, and the interest rate implicit in the lease is 10%, known by Drew. Drew uses the straight-line method for depreciating all equipment. In recording the December 31, 2021, payment, Drew should reduce its lease liability by:

1. demand terminology complete the following table by selecting the term that matches each definition. definition quantity demanded demand curve demand schedule law of demand a graphical object showing the relationship between the price of a good and the amount of the good that buyers are willing and able to purchase at various prices the amount of a good that buyers are willing and able to purchase at a given price a table showing the relationship between the price of a good and the amount that buyers are willing and able to purchase at various prices the claim that, with other things being equal, the quantity demanded of a good falls when the price of that good rises apply your understanding of the previous key terms by completing the following scenario with the appropriate terminology. your coworker becky is really concerned about a project that she has just been assigned. she is in charge of analyzing and determining conditions in the market for televisions from an extensive sales report. if becky's boss is interested in a graphical representation of the relationship between the pric