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The minimum lease payments include the minimum rental payments minus any executory cost, the guaranteed residual value, the bargain purchase option, and any penalty for failure to renew or extend the lease. The amount calculated is then discounted using the lessee’s incremental borrowing rate.
In 1960, Bently was looking to relocate his small company out of Berkeley. He found an 8000 square foot vacant building at the Minden, NV airport. He negotiated a lease with Douglas county and in 1961 moved the 3 employee company. He changed the name to Bently Nevada Corp and incorporated in Nevada. [11] [12] [8]
Their first product was shown to potential users who were polled as to what they would be willing to pay for it. They averaged the answers, arriving at a price of $7,943. [9] A DOS-based version of MicroStation was introduced in 1986. [10] In April 2002, Bentley filed for an initial public offering, [11] but it was withdrawn before taking ...
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