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20. Red Company recorded a right-of-use asset of $110,000 in a 10 -year finance lease. Payments of $17,902 are made annually at the end of

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20. Red Company recorded a right-of-use asset of $110,000 in a 10 -year finance lease. Payments of $17,902 are made annually at the end of each year. The interest rate charged by the lessor an known by Red was 10%. The balance in the lease payable after two years will be: Note: Round your final answer to the nearest whole dollar. a. $95,506. b. $127,936. c. $88,000. d. $133,100

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