Question
1. Blue Co. recorded a right-of-use asset of $100,000 in a 10-year Type B lease. Payments of $16,275 are made annually at the end of
1. Blue Co. recorded a right-of-use asset of $100,000 in a 10-year Type B lease. Payments of $16,275 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 right-of-use asset after two years will be:
a.$80,000.
b.$86,823.
c.$100,000.
d.$121,000.
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Cost Estimating
Authors: Rodney D. Stewart
2nd Edition
0471857076, 978-0471857075
