On January 1, year 1, West Co. entered into a ten-year lease
for a manufacturing plant. The annual minimum lease payments
are $100,000. In the notes to the December 31, year 2 financial
statements, what amounts of subsequent years? lease payments
should be disclosed?

Amount for appropriate required period

Aggregate amount for the lease term

$100,000 $0
$300,000 $500,000
$500,000 $800,000
$500,000 $0

Answer rating: 100% (QA)

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