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White Ltd leased a parcel of land for a period of 10 years. The lease payments required include a payment up-front of $197445, followed by another 9 payments of equal value at the end of every year up to the end of the ninth year. The implicit rate in the lease is 6 percent. What is the value right-of-use asset at the commencement of the lease? PLEASE ENTER YOUR ANSWER IN WHOLE NUMBERS WITH NO COMMAS OR DOLLAR SIGNS (EG $1,000,000 SHOULD BE SHOWN AS 1000000) Answer: White Ltd leased a parcel of land for a period of 10 years. The lease payments required include a payment up-front of $197445, followed by another 9 payments of equal value at the end of every year up to the end of the ninth year. The implicit rate in the lease is 6 percent. What is the value right-of-use asset at the commencement of the lease? PLEASE ENTER YOUR ANSWER IN WHOLE NUMBERS WITH NO COMMAS OR DOLLAR SIGNS (EG $1,000,000 SHOULD BE SHOWN AS 1000000)