Lease Illustration #2
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Illustration #2 Lessee approach.
Situation is symmetrical, i.e., lessee concerned with the same variables as lessor.
1/1/x1 Lease inception:
Leased asset 120,000
Lease obligation 120,000
12/31/x1
Lease obligation 35,562
Lease Interest Expense 14,400
Cash 49,962
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