Essay #4 Using the lease arrangement from Essay #3, desc…
Essay #4 Using the lease arrangement from Essay #3, describe and quantify for the lessee (only) the impact of amending the lease agreement and providing for a purchase option ($600,000) at the end of the lease term. It has been determined that the purchase option is highly likely to be exercised. The transfer of title (ownership) for the asset has been removed from the lease agreement, also. Including an amortization table with your discussion will be highly desirable for partial grading.
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