Use the information for IBM from BE17-6. Assume the direct-financing lease was recorded at a present value

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Use the information for IBM from BE17-6. Assume the direct-financing lease was recorded at a present value of $150,000. Prepare IBM’s December 31, 2008, entry to record interest.

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Intermediate Accounting principles and analysis

ISBN: 978-0471737933

2nd Edition

Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso

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Question Posted: May 15, 2012 03:11 AM

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Use the information for IBM from BE17-6. Assume the direct-financing lease was recorded at a present value

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Intermediate Accounting principles and analysis

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