On January 1, 2019 "Jordan Co" and "North Co." sign a lease agreement, that calls for "Jordan Co" to lease a Machine to "North Co." for 5 years for $ 40000 paid at the end of each year Estimated economic life for the machine is 5 years, a guaranteed residual value of $ 15.000 North Co. expects that it is probable that the expected value of the residual value at the end of the lease will be $ 5,000 The machine reverts to Jordan co at the termination of the lease. Depreciation used (straight-line method) implicit interest rate is 8% Present value of $1 for 5 periods at 8%.650 Present value of annuity for 5 periods at 8% = 3.99 Answer the following questions in accordance with IFRS 16 in Lessee records (North Co.): 1. The debut side in the journal entry recorded on January 1, 2019 chall include Right-of-Use Asset of $ 166-400 Right-of-Use Asset of 5 159600 Right-of-Use Asset of 5 1695001