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Assume the Following Transactions for a Government Agency Are Independent

question 18

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Assume the following transactions for a government agency are independent of each other.How would the following journal entries be recorded?
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A $75,000 lease at its inception is recorded at the present value of its lease payments
A $100,000 leased asset is recorded at its present value
A $150,000 lease is recorded as a long term lease obligation.


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