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Arrangements and the Cost Thereof for Delivering the Horse to Lessor Except as Otherwise Specified  Form

Arrangements and the Cost Thereof for Delivering the Horse to Lessor Except as Otherwise Specified Form

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alessi and the lessor entered into an eight-year lease where the less he leased 10 vehicles for an annual payment of 1 million payable appearance at the commencement date the lessee's incremental borrowing rate was 6 percent at the beginning of the fourth year both the lessee and lessor signed an amendment to the original lease that added the right to use five more vehicles and decreased the contractual lease term to six years the lease payment for the additional Vehicles was 350 000 payable annually at year ends for the remaining lease term these additional five vehicles can be released from the market for a periodic payment of 500 000. the lessee's incremental borrowing rate on the date of modification is seven percent account for both the original and the modified lease let's account for the original lease these are the schedules for the calculation of the lease liability and the right of use asset on the commencement date in addition to the lease amortizatio

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