Question: Problem 1 5 - 6 ( Algo ) Lease amortization schedule [ LO 1 5 - 2 , 1 5 - 6 ] On January

Problem 15-6(Algo) Lease amortization schedule [LO15-2,15-6]
On January 1,2024, National Insulation Corporation (NIC) leased equipment from United Leasing under a finance lease. Lease
payments are made annually. Title does not transfer to the lessee and there is no purchase option or guarantee of a residual value by
NIC. Portions of the United Leasing's lease amortization schedule appear below:
Problem 15-6(Algo) Lease amortization schedule [LO15-2,15-6] On January 1,2024, National Insulation

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