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Could use some help, Thanks! The following facts pertain to a non-cancelable lease agreement between Faldo Leasing Company and Culver Company, a lessee. The asset

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The following facts pertain to a non-cancelable lease agreement between Faldo Leasing Company and Culver Company, a lessee. The asset will revert to the lessor at the end of the lease term. The lessee uses the straight-line amortization for alf leased equipment. Suppose Culver received a lease incentive of $5,000 from Faldo Leasing to enter the lease. How would the initial measurement of the lease liability and right-of-use asset be affected? Right-of-use asset Lease Liability What if Culver prepaid rent of $5,000 to Faldo? Right-of-use asset $ Lease Liability The following facts pertain to a non-cancelable lease agreement between Faldo Leasing Company and Culver Company, a lessee. The asset will revert to the lessor at the end of the lease term. The lessee uses the straight-line amortization for alf leased equipment. Suppose Culver received a lease incentive of $5,000 from Faldo Leasing to enter the lease. How would the initial measurement of the lease liability and right-of-use asset be affected? Right-of-use asset Lease Liability What if Culver prepaid rent of $5,000 to Faldo? Right-of-use asset $ Lease Liability

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