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(Solved): Crystal Corporation makes $3,200 payments every month for leasing office equipment. Crystal recorded ...



Crystal Corporation makes $3,200 payments every month for leasing office equipment. Crystal recorded a lease payment as follows: Account TitleDebitCreditLease payable1,920 Interest expense1,280 Cash 3,200 Account TitleDebitCreditAmortization expense1,920 Right-of-use asset 1,920 Crystal must have a(n): Multiple Choice Finance lease. Leveraged lease. Operating lease. Sales-type lease without selling profit.



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