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NOTE: the Following Multiple Choice Questions Require Present Value Information

Question 35

Multiple Choice

NOTE: The following multiple choice questions require present value information. On January 1, 2006, Price Corporation signed a five-year noncancelable lease for certain machinery. The terms of the lease called for:
NOTE: The following multiple choice questions require present value information. On January 1, 2006, Price Corporation signed a five-year noncancelable lease for certain machinery. The terms of the lease called for: For the year ended December 31, 2006 Price should record depreciation expense for the leased equipment equal to A) $55,000 B) $39,927 C) $47,912 D) $0 For the year ended December 31, 2006 Price should record depreciation expense for the leased equipment equal to


A) $55,000
B) $39,927
C) $47,912
D) $0

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