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Compute the amount of rental revenue

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Question - Aiden Co. leased a new machine to Lake Co. on January 1, 20x6. The annual rental is 90,000. Additionally, on January 1, 20x1, Lake paid 50,000 to Aiden as a lease bonus and 25,000 as a security deposit to be refunded upon expiration of the lease. In Aiden's 20x4 income statement, compute the amount of rental revenue?

Reference no: EM132772601

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