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RST Entered into a Sales-Type Lease with EFG to Rent

Question 63

Multiple Choice

RST entered into a sales-type lease with EFG to rent special equipment for six years.The equipment cost $40,000 and RST will earn a $4,000 dealer's profit and 12 percent interest revenue.Therefore, RST will receive year-end lease payments of:


A) $10,702
B) $8,213
C) $7,333
D) $12,090

Correct Answer:

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