Introduction to Business
Introduction to Business
OER 2018 Edition
ISBN: 9781947172548
Author: OpenStax
Publisher: OpenStax College
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Chapter 2.5, Problem 3CC

How do multinational corporations demonstrate social responsibility in a foreign country?

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Per the video, the lessee will take advantage of an option to buy a $130,000 truck in two years for $65,000, and will make annual payments of $41,303. The truck has a useful life of 5 years, and an estimated salvage value of $15,000. The lessee knows the lessors rate is 12%. Make the journal entry to record the lease on January 1, year1. Remember the first lease payment is made at the beginning of the lease.
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