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Lease type: Finance lease. Annual lease payments: $100,000 are payable at the beginning of each year. Lease term: 8 years. Lessors and lessees interest rate:
Lease type: Finance lease. Annual lease payments: $100,000 are payable at the beginning of each year. Lease term: 8 years. Lessors and lessees interest rate: 12%. Guaranteed residual value by the lessee: $60,000. Estimated residual value at the end of the lease term: $40,000.
Determine the lessees Right-of-Use Asset.
| a. | 580,609 | |
| b. | None of the answers. | |
| c. | 0 | |
| d. | 560,415 | |
| e. | 564,454 |
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