LEASE LIABILITY - to be incurred. Required: 1. How should...

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LEASE LIABILITY. Maker Corp manufactures imaging equipment. Easy Leasing purchased an MRI machine from Maker for $1,000,000 and leased it to Imaging Group, Inc. on January 1, 2009. Collectibility of the rental payments is reasonably assured, and there are no lessor costs yet
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Unformatted text preview: to be incurred. Required: 1. How should this lease be classified by Imaging Group and by Easy Leasing? PV: 65,258 x 15.3238= 1,000,000...
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