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QUESTION
E 7-2 (Lessee Computations and Entries; Capital Lease with Guaranteed Residual Value) DelaneyCom-pany leases an automobile with a fair value of
E 7-2 (Lessee Computations and Entries; Capital Lease with Guaranteed Residual Value) DelaneyCom-pany leases an automobile with a fair value of $8,725 from John Simon Motors. Inc.. on the following term?.1.
