accounting-Mighty inc leases some of the equipment it uses.
QUESTION
Mighty inc leases some of the equipment it uses. the lease term is five years, and the lease payments are to be made in advance as shown in the following schedule.January 1, 2015 60,000january 1, 2016 60,000january 1, 2017 90,000January 1, 2018 110,000January 1, 2019 140,000Total 460,000
ANSWER:
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