Question: On January 1 , 2 0 2 5 , Bramble leases a building from Capital Leasing for 1 0 years with a monthly lease payment
On January Bramble leases a building from Capital Leasing for years with a monthly lease payment of $ payable at the beginning of each month. The lease contract allows Bramble to terminate the lease after three years by paying a cancellation clause of $ At the start of the lease, Capital is reasonably certain that Bramble will not continue the lease past three years. Ignoring the time value of money, what is the total of Bramble's lease payments that would be used in the present value test?
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