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Assume the on January 1, 2012, Flagstaff Corp. signs a 5 year noncancelable lease agreement to lease a vehicle from Sedona Off Road Company. The...

Assume the on January 1, 2012, Flagstaff Corp. signs a 5 year noncancelable lease agreement to lease a vehicle from Sedona Off Road Company. The following information pertains to the lease agreement.1.

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