Question: Brief Exercise 9 - 1 0 ( Algo ) Account for leases ( LO 9 - 6 ) On April 1 , 2 0 2

Brief Exercise 9-10(Algo) Account for leases (LO 9-6)
On April 1,2026, American Village Incorporated signs a 5-year lease to use office space. The present value of the monthly lease payments is $173,000.
How will the financial statements be affected when the lease is signed on April 1,2026?
Note: Amounts to be deducted should be indicated with a minus sign.
Brief Exercise 9 - 1 0 ( Algo ) Account for

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