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ed Company recorded a right-of-use asset of $190,000 in a 10-year finance lease. Payments of $30,922 are made annually at the end of each year.

ed Company recorded a right-of-use asset of $190,000 in a 10-year finance lease. Payments of $30,922 are made annually at the end of each year. The interest rate charged by the lessor and known by Red was 10%. The balance in the lease payable after two years will be: Note: Round your final answer to the nearest whole dollar. Multiple Choice $220,956. $152,000. $229,900. $164,964

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