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Current Attempt in Progress Wildhorse Corp., which uses IFRS, signs non-renewable, non-cancellable lease agreement to lease robotic equipment from Blossom Inc. The following information concerns

image text in transcribedimage text in transcribed Current Attempt in Progress Wildhorse Corp., which uses IFRS, signs non-renewable, non-cancellable lease agreement to lease robotic equipment from Blossom Inc. The following information concerns the lease agreement. Click here to view the factor table PRESENT VALUE OF AN ANNUITY DUE. Using (1) factor tables, (2) a financial calculator, or (3) Excel functions, calculate the amount of the right-of-use asset and lease liability. (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 5,275.) The amount of the right-of-use asset $ Prepare the initial entry to reflect the signing of the lease agreement. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

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