Sunland Company has a machine with a cost of $804000 which also is its


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Sunland Company has a machine with a cost of $804000 which also is its fair value on the date the machine is leased to Park Company. The lease is for 6 years and the machine is estimated to have an unguaranteed residual value of $81000. If the lessor's in

Sale price $15.00 Regular price $30.00

Sunland Company has a machine with a cost of $804000 which also is
its fair value on the date the machine is leased to Park Company. The lease is for 6 years and the machine is estimated to have an unguaranteed residual value of $81000. If the lessor's interest rate implicit in the lease is 8%, the 6 beginning-of-the-year lease payments would be

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