anuary annual payments of $240,000 each, payable beginning January 2, 2018. Foley Co. agrees to guarantee the $150,000 residual value of the asset at the end of the lease term. The expected value of the residual is $0. Foley's incremental borrowing rate is 10%, however it knows that Hanson's implicit interest rate is 8%. The journal entry Hanson makes at January 2, 2018 includes a debit to right-of-use asset for? PV Annuity Due 4.31213 PV Ordinary Annuity 8%, 5 periods 10%, 5 periods 3.99271 3.79079 PV Single Sum 68508 62092 4.16986