Equal annual payments that are due on January 1 each

Equal annual payments that are due on January 1 each year provide Sandhill Corp with an 11 return on net investment 2Titles to the trailers pass to Blue at the end of the lease 3The fair value of each trailer is $51,600 The cost of each trailer to Sandhill Corp is $46,500 Each trailer has an expected useful life of nine years 4Collectibility of the lease payments is probable

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