What amount of amortization expense would the lessee record, Financial Accounting

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What amount of amortization expense would the lessee record

Problem

Emporia Corporation is a lessee with a finance lease. The right of use asset is recorded at $580,000 and has an economic life of 8 years. The lease agreement provides for the transfer of title of the asset to the lessee at the end of the lease term. What amount of amortization expense would the lessee record for the first year of the lease?

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Financial Accounting: What amount of amortization expense would the lessee record

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Financial Accounting: What amount of amortization expense would the lessee record

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