The interest rate charged by the lessor

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Red Co. recorded a right-of-use asset of $135,000 in a 10-yearType A lease. Payments of $21,971 are made annually at the end of each year. The interest rate charged by the lessor was 10%. Under the new ASU, the balance in the lease payable after two years will be: $163,350. $80,000. $157,005. $117,211.

Reference no: EM131221729

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The interest rate charged by the lessor : Red Co. recorded a right-of-use asset of $135,000 in a 10-yearType A lease. Payments of $21,971 are made annually at the end of each year. The interest rate charged by the lessor was 10%. Under the new ASU, the balance in the lease payable after two ..

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