Question: Complete this exercise as described below at home and turn it in for a grade next class period For the lessee, The capitalized value of

Complete this exercise as described below at home
and turn it in for a grade next class period
For the lessee,
The capitalized value of the lease is
The beginning carrying value of the liability is
The interest rate to calculate interest is
Make the journal entries for the first year of the lease term.
Make all lessee journal entries for the rest of the lease term.
Complete this exercise as described below at home and turn it

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