13. Hert Corporation acquired a capital lease that is carried on its books at a present...
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13. Hert Corporation acquired a capital lease that is carried on its books at a present value of $100,000 (discounted at 12%). Its annual rental payment of $15,000. What is the amount of interest expense from this lease? First Year Second Year B) C) D) 12,000 12,000 12,000 15,000 A. A above. B. B above C. C above D. D above. 10.200 11.640 12,350 15,000 13. Hert Corporation acquired a capital lease that is carried on its books at a present value of $100,000 (discounted at 12%). Its annual rental payment of $15,000. What is the amount of interest expense from this lease? First Year Second Year B) C) D) 12,000 12,000 12,000 15,000 A. A above. B. B above C. C above D. D above. 10.200 11.640 12,350 15,000
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