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How much would be the current portion of the lease liability

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R&R management signed a 20 year financing lease agreement on Jan 1,2015. The present value of the lease agreement is $85,136. Annual lease payment $10,000 is due on Dec 31 every year. The first least payment is due on Dec 31,2015. The interest rate is 10%. How much would be the current portion of the lease liability on Dec 31,2015's statement of financial position?

Reference no: EM131775977

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