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1 the lessee makes a lease payment of 89580 to the lessor


1. The lessee makes a lease payment of $89,580 to the lessor in an operating lease transaction.

2. Imhoff Company leases a new building from Noble Construction, Inc. The present value of the lease payments is $773,000. The lease qualifies as a capital lease.

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Financial Accounting: 1 the lessee makes a lease payment of 89580 to the lessor
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