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Assume a finance lease. Indicate if the lessee or the lessor will be recording amortization expense and interest revenue. Select one! a. Lessee records amortization

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Assume a finance lease. Indicate if the lessee or the lessor will be recording amortization expense and interest revenue. Select one! a. Lessee records amortization expense, lessor records interest revenue O b. Lessor records amortization expense, lessee records interest revenue O c The lessor records both amortization expense and interest revenue O d. The lessee records both amortization expense and interest revenue Brooks Company leases a machine from Chalon Company on 1/1/23. Given: Asset FMV $100,000 Asset Book Value $85,000 January 1 payments $20,274 Guaranteed Salvage Value $10,000 Lessee expected salvage value $6,000 Implicit and incremental rates 5% Five-year loase, five-year asset FINANCE LEASE Compute Brooks' 12/31/23 Right of Use account balance Select one: O a $75,024.80 Ob $94,005.68 O c $78.776.04 O d. 573.734.66 O e $76,238.44

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