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How much is net carrying amount of the right of use asset

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Reference no: EM132945044

Problem 1: An entity entered into a seven-year lease on December 31, 2020. The annual lease payment is 1,530,000 starting on December 31, 2020. The implicit rate is 9%. How much is the net carrying amount of the right of use asset on December 31, 2021?

a) 8,393,455
b) 7,194,390
c) 7,410,532
d) 6,600,358

Reference no: EM132945044

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