On January 1, 2020, Windsor Co. leased a building to Wildhorse Inc. The relevant information related to the lease is as follows. 1. 2. 3. The lease arrangement is for 10 years. The building is expected to have a residual value at the end of the lease of $3,400,000 (unguaranteed). The leased building has a cost of $3,900,000 and was purchased for cash on January 1, 2020. The building is depreciated on a straight-line basis. Its estimated economic life is 50 years with no salvage value. Lease payments are $285,000 per year and are made at the beginning of the year. Wildhorse has an incremental borrowing rate of 9%, and the rate implicit in the lease is unknown to Wildhorse. Both the lessor and the lessee are on a calendar-year basis. 4. 5. 6. Click here to view factor tables. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) X Your answer is incorrect. If Wildhorse paid $40,000 to a real estate broker on January 1, 2020, as a fee for finding the lessor, what is the initial measurement of the right-of-use asset? Right-of-use asset $ 7340000 Touthoolrond Modi