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What amount of amortization of the right to use asset

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Question - On January 1, 2018, Barkley Company entered into a four-year lease for machinery with annual payments of $5,000 due at the beginning of the year. Field paid no initial direct costs, no residual guarantees, and the implicit rate of interest is 5%. The value of the lease liability at the commencement of the lease is 18,616. What amount of amortization of the right to use asset would appear on Barkley's 2018 income statement relating to the lease?

Reference no: EM133075869

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