Company purchased machine. Lease term is 8 yrs, payment $700,340 I=3.5% and at the end of the lease term the title will be automatically transferred to the lessee. What should the JE be?
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Company purchased machine. Lease term is 8 yrs, payment $700,340 I=3.5% and at the end of the lease term the title will be automatically transferred to the lessee. What should the JE be?
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