Solution-Compute balance in the right-of-use asset after

Compute balance in the right-of-use asset after two years

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Reference no: EM132486925

Question - Blue Co. recorded a right-of-use asset of $120,000 in a 10-year operating lease. Payments of $21,238 are made annually at the end of each year. The interest rate charged by the lessor was 12% and was known by Blue. Compute the balance in the right-of-use asset after two years?

$105,503.

$120,000.

$106,324.

$148,076.

Reference no: EM132486925

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Compute balance in the right-of-use asset after two years

Reference no: EM132486925

Reference no: EM132486925

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