Use the Table for the Question(s)below

question 11

Essay

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 a capital lease?

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Definitions:

Word Picture

Short statement or story that illustrates or describes an emotion; word pictures often use a simile (a comparison using the word like or as) to clarify an image.

Onomatopoetic Image

A visual representation that mimics the sound of the object or action it depicts, invoking auditory associations.

Restricted Code

Set of words that have particular meaning to a person, group, or culture.

Seek Revenge

The act of wanting to retalinate or cause harm in response to a real or perceived wrong.