Question: I am looking for help with this general accounting question using proper accounting standards. Horizon Ltd. signs a four-year lease agreement with Orion Inc. The

I am looking for help with this general accounting question using proper accounting standards.

Horizon Ltd. signs a four-year lease agreement with Orion Inc. The agreement requires annual beginning-of-the-year payments of $12,000. The fair value of the lease is $44,000. Over the lease period, how much interest will Horizon Ltd. pay

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