Question: apter 1 5 Homework Saved i Exercise 1 5 - 1 8 ( Algo ) Short - term lease [ LO 1 5 - 5

apter 15 Homework
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Exercise 15-18(Algo) Short-term lease [LO15-5]
Chance Enterprises leased equipment from Third Bank Leasing on January 1,2024. Chance elected the short-term lease option. Appropriate adjusting entries are made annually.
\table[[Related Information:,1 years (12 monthly periods)],[Lease term,$68,000 on January 1,2024, through December 1,2024.],[Monthly lease payments,5 years],[Economic life of asset,9%
apter 1 5 Homework Saved i Exercise 1 5 - 1 8 (

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