Multiple Choice
On December 31,2014,Endive Company leased a machine under a capital lease for a period of ten years,contracting to pay $100,000 on signing the lease and $100,000 annually on December 31 of the next nine years.The present value at December 31,2014,of the ten lease payments over the lease term discounted at 10 percent was $676,000.At December 31,2015,Endive's total capital lease liability is
A) $486,000.
B) $518,000.
C) $533,600.
D) $607,960.
Correct Answer:
Verified
Correct Answer:
Verified
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