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On January 1, 2021, Green Co. recorded a right-of-use asset of $300,370 in an operating lease. The lease calls for ten annual payments of $38,500
On January 1, 2021, Green Co. recorded a right-of-use asset of $300,370 in an operating lease. The lease calls for ten annual payments of $38,500 at the beginning of each year. The interest rate charged by the lessor was 6%. The balance in the right-of-use asset at December 31, 2021, will be: Multiple Choice $282.348. $300,370 O $277.582 O $157,122
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