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Lasch Company recorded a right - of - use asset of $ 2 0 0 , 0 0 0 in a 1 0 - year

Lasch Company recorded a right-of-use asset of $200,000 in a 10-year operating lease. Payments of $32,550 are made annually at the end of each year. The interest rate charged by the lessor was 10%.What are the journal entires to record the payment of interest the first year and the amortization of the ROU asset.year 1

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