A. at what amount will XYZ LESSEE capitalize to their balance sheet a Right-of-use asset and lease liability on this?

operating lease?

B. At december 31, 2022, end of first year, XYZ lessee's journal entry would include a?

C. At december 31, 2022, end of the first year, what should be the balance of XYZ Lessee's Right-of-use asset of the balance sheet after adjusting entries are made?

D. At janiary 1, 2022, signing date of the lease agreement, Valley Inc. Lessor's journal entry would include a?

The following information anties to the next..questions On Jawy 1.2022, XXZ.Lesse Bened equipment from Valley Leasing Inc Lessorsgring an Operating Lease with the following termin: . Both the cost and the fair value of the asset for Valley Lostor is $230,000 Lei 3 annual payments of $56.000 beginning January 1, 2022, and on each January, thereafter though 2024. The year termed on December 11, 2021 Thoses expected residual value at the end of the lease term (3 years) is $84,955 unguaranteed by the Lost . The expected useful life of the equipment is 5 years, and there is no expected residual value at the end of its useful life There is no purch option and the equipment reverts back to the Lossor at the end of the year period The implicit rate on the loose is 6%, and XYZ LOSS is aware of that rate Assume Straight Line Depreciation is used on the Right of Use Asset PVAD Factor 3, 2.03330 PV of S1 Factor 3,10% 83962 At what amount wil XYXLesser capitalize to their Balance Shoot a Right-or-Use Asset and Lease Liability on this Operating Lease