Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 25 Jun 2018 My Price 3.00

Owl Co

On December 1, 2019, Owl Co. entered into an operating lease for its executive offices for 5 years at a monthly rental of $50,000, paying the landlord the following amounts: 

Owl Co. Operating LeaseFirst month's rent$  50,000Last month's rent   50,000Installation of new carpet  600,000

In regards to this operating lease, what amount should Owl charge to expense for 2019?

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Jun 2018 10:06 PM My Price 3.00

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