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What amount should carla vista have charged

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Reference no: EM132166164

Question - On December 1, 2018, Carla Vista Corporation leased office space for 10 years at a monthly rental of $75000. On that date Carla Vista paid the landlord the following amounts:

Rent deposit $75000

First month's rent 75000

Last month's rent 75000

Installation of new walls and offices 601200

$826200

The entire amount of $826200 was charged to rent expense in 2018. What amount should Carla Vista have charged to expense for the year ended December 31, 2018?

$80010

$155010

$75000

$601200

Reference no: EM132166164

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