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In a 10-year finance lease, Warren Company recorded a right-of-use asset of $730,000. If the interest rate charged by the lessor was 10%, what would
In a 10-year finance lease, Warren Company recorded a right-of-use asset of $730,000. If the interest rate charged by the lessor was 10%, what would be the balance in the right-of-use asset after two years?
$733,650.
$591,300.
$883,300.
$584,000.
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