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06-06-2023
Business

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Ivanhoe Company has a machine with a cost of $660000 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 $65000. If the lessor's interest rate implicit in the lease is 11%, the 6 beginning-of-the-year lease payments would be
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O $133148.
O $140548.
O $126706
O $110000

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