Question: Sunshine Engineering Services (SES) acquired a machine under a capital lease agreement. SES pays the lessor $2400 at the beginning of every three months for

Sunshine Engineering Services (SES) acquired a machine under a capital lease

Sunshine Engineering Services (SES) acquired a machine under a capital lease agreement. SES pays the lessor $2400 at the beginning of every three months for five years. If Sunshine can obtain a five-year financing at 10% compounded quarterly, what liability will be reported two years later? $17,638.54 $19.831.07 $24,618.64 $25.234.10

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