On June 1, 2021, GED Inc. leased a delivery truck under a 3-year operating lease. Total rent

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On June 1, 2021, GED Inc. leased a delivery truck under a 3-year operating lease. Total rent for the term if the lease will be 360,000, payable at 5,000 per month for the next 12 months, 7,500 per month for the next next 12 months, and 17,500 per month thereafter. All payments were made when due. What is the amount of rent expense for GED Inc. for the year ended December 31, 2021

Posted Date: May 18, 2024 02:12 PM

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On June 1, 2021, GED Inc. leased a delivery truck under a 3-year operating lease. Total rent

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