First year: 1500$
2- 1200$
3- 960$
4- 768$
5- 614.4$
6- 491.52$
7- 393.22$
the answer is seventh year
shmrock corporation recorded a right-of-use asset for 187,600 as a result of a finanec lease
<h3>What is
lease?</h3>
A lease is a contract that requires the user to pay the owner for the use of an asset. Property, buildings, and vehicles are examples of leased assets. Leasing is also used for industrial or commercial equipment. A lease agreement is essentially a contract between two parties: the lessor and the lessee.
The primary distinction between a lease and a rent agreement is the length of time they cover. A rental agreement is typically for a short period of time (usually 30 days), whereas a lease contract is for a longer period of time (usually 12 months, though 6 and 18-month contracts are also common).
Finance leasing, operating leasing, and contract hire are the three main types of leasing.
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Answer:
They recognize the lifetime value of customers.
4. word art, I believe is the correct answer
