Red Co. recorded a right-of-use asset of $190,000 in a 10-yearType A lease. Payments of $30,922 are made annually at the...
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Red Co. recorded a right-of-use asset of $190,000 in a 10-yearType A lease. Payments of $30,922 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: |
$164,964.
$229,900. $220,956. $80,000.