Question: Present value of minimum lease payments 477,288 Add: Initial direct cost 40,000 Cost of the Machinery P517,288 7. On December 31, 2017, Karen Company signed

Present value of minimum lease payments 477,288 Add: Initial direct cost 40,000 Cost of the Machinery P517,288 7. On December 31, 2017, Karen Company signed a 4-year non cancellable fina uses the stra...

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