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5. Problem 19-05 (Financial Statement Reporting for a Finance Lease) Financial Statement Reporting for a Finance Lease following questions. (Hint: See Table 19-1.) answer as

image text in transcribed 5. Problem 19-05 (Financial Statement Reporting for a Finance Lease) Financial Statement Reporting for a Finance Lease following questions. (Hint: See Table 19-1.) answer as a positive value. $ b. What is the initial right-of-use asset? Do not round intermediate calculations. Round your answer to the nearest cent. $ c. What will RC report as an interest expense at Year 1? Round your answer to the nearest cent. Enter your answer as a positive value. $ value. $ $ f. What will RC report as the right-of-use asset at Year 1? Do not round intermediate calculations. Round your answer to the nearest cent. $

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