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Daisy Co. recorded a right-of-use asset of $800,000 in a ten-year finance lease. The interest rate charged by the lessor was 10%. After two years,
Daisy Co. recorded a right-of-use asset of $800,000 in a ten-year finance lease. The interest rate charged by the lessor was 10%. After two years, the balance in the right-of-use asset is: Question 7 options: 1) $648,000 2) $640,000 3) $880,000 4) $968,000
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