#8

On January 1, 2021, Green Co. recorded a right-of-use asset of $217,410 in an operating lease. The lease calls for ten annual payments of $30,000 at the beginning of each year. The interest rate charged by the lessor was 8%. The balance in the right-of-use asset at December 31, 2021, will be:

Multiple Choice

$217,410.

$202,403.

$200,017.

$149,928.