Question: There is a part ( d ) that asks this. Return to the original facts in the problem. Now suppose that, at the end of

There is a part (d) that asks this. Return to the original facts in the problem. Now suppose that, at the end of the lease term, Kimberly Clark took good care of the asset and Sandhill agrees that the fair value of the asset is actually $10,000. Record the entry for Kimberly Clark at the end of the lease to return control of the storage building to Sandhill. (assuming the accrual of interest on the lease liability has already been
made).

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