Multiple Choice
On January 1,2016,Gibson Corporation entered into a four-year operating lease.The payments were as follows: $20,000 for 2016,$18,000 for 2017,$16,000 for 2018,and $14,000 for 2019.What is the correct amount of lease expense for 2017?
A) $20,500.
B) $19,000.
C) $17,000.
D) $18,000.
Correct Answer:
Verified
Correct Answer:
Verified
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