The terms are a 12-month lease, with the first month rent-free. The rent is $1000 per month. Real estate rules (FASB 13) require that this rent be normalized (or straight-lined) across the entire lease term.
The terms are a 12-month lease, with the first month rent-free. The rent is $1000 per month. Real estate rules (FASB 13) require that this rent be normalized (or straight-lined) across the entire lease term.
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