Ryan Corp.enters into an agreement with Montgomery Corp.to lease some office space in a very popular part of town.The agreement called for payments of $100,000 per year for five years and an upfront payment of $85,000.Explain the proper accounting treatment for the above situation.

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The Answer of Ryan Corp.enters into an agreement with Montgomery Corp.to lease some office space in a very popular part of town.The agreement called for payments of $100,000 per year for five years and an upfront payment of $85,000.Explain the proper accounting treatment for the above situation.

Ryan CorpEnters into an Agreement with Montgomery Corp