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Compute the balance in the right-of-use asset

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Question - A Co. recorded a right-of-use asset of $400,000 in a 10-year operating lease. Payments of $65,100 are made annually at the end of each year. The interest rate charged by the lessor was 10%. Compute the balance in the right-of-use asset after the first year?

Reference no: EM132537281

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