Calculate the amount of the lease liability

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Reference no: EM131211120

On January 1, 2004, Digital, Inc. leased heavy machinery from Young Leasing Company. The terms of the lease require annual payments of $100,000 for nine years beginning on December 31, 2004. The interest rate on the lease is 10%. Assume the lease qualifies as a capital lease. Calculate the amount of the lease liability at December 31, 2005 that would be classified as a current liability. Enter your answer with two places after the decimal point (i.e., $123,456.70). You will need to use the time value of money factors posted on carmen to answer this question. Spell check

Reference no: EM131211120

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Calculate the amount of the lease liability : On January 1, 2004, Digital, Inc. leased heavy machinery from Young Leasing Company. The terms of the lease require annual payments of $100,000 for nine years beginning on December 31, 2004. The interest rate on the lease is 10%. Assume the lease qua..

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