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Use the Table for the Question(s)below

Question 16

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Use the table for the question(s)below.
Luther Industries currently has the following balance sheet (in thousands of dollars): Use the table for the question(s)below. Luther Industries currently has the following balance sheet (in thousands of dollars): Luther is about to add a new fleet of delivery trucks.The price of the fleet is $1.5 million. -What will Luther's balance sheet look like if they acquire the new fleet of delivery trucks using an operating lease? Luther is about to add a new fleet of delivery trucks.The price of the fleet is $1.5 million.
-What will Luther's balance sheet look like if they acquire the new fleet of delivery trucks using an operating lease?

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