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SkysongWarehouse, Inc. leased equipment from Southern Finance. The lease term is 5 years and requires
equal rental payments of $35,972 at the beginning of each yea r. The equipment has a fair value at the
inception of the lease of $150,000, an estimated useful life of 5 years, and no salvagevalue. Sky… Show more
equal rental payments of $35,972 at the beginning of each yea r. The equipment has a fair value at the
inception of the lease of $150,000, an estimated useful life of 5 years, and no salvagevalue. Sky… Show more
