on January 1, 2017, Nelson Co leased a building to Wise Inc. the relevant information related to the lease is as follows..............

Exercise 21km E1 on January 1, 2017, Nelson cu. leased a building to wise ins. The relevant informat'lnn related tn the lease is as follnws. 1 The lease arrangement is for 1:: years. The building is expected to have a residual value at the end of the lease ur $3,5un,uao Cunguamnteed). 2 The leased building has a cusi uf s4,oon.noo and was uurchased for sash un January 1, 2017. 3 The build'lllg is depreciated an a Straight-line basis. Its estimated ecalwmil: life is 50 veers with nu salvage Value. 4 Lease payments are $275.nun per year and are made at the beginning df ihe year. 5 W'lse has an incremental hurmwing rate er 5%, and the rate 'lmplii: in the lease is unknown ta Wise. 5 Beth the iEESDf and the lessee are on a calendarrvear basis. Prenare the inumal entries that Nelson shuuld make in 2017. m mntmalil Explanatim DdJit unlit ill/17 I l ll (Tu recunl an aide building) ' ll ' ll (To recnrd reteim at lease payment) 12:31] I 17 (T a record the iecuunilion ullhe revenue earh period) (T a record depreciation emerlse on the leased asset) If Wise paid $30,000 tn :5 real estate bmker on January 1. 2017, as a fee for nding the lesser' what is the initial measurement if the rinlitofuse asset'7 Rightsufruse asset