Question: . 14 On January 1, ABC signed a 17-year operating lease with annual payments of $12,000 beginning immediately. Appropriately discounted at 9%, the PV of

. 14 On January 1, ABC signed a 17-year operating lease

. 14 On January 1, ABC signed a 17-year operating lease with annual payments of $12,000 beginning immediately. Appropriately discounted at 9%, the PV of lease payments is $111,751. The amortization expense accrued at the end of the first year is

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