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On January 1, 2021 Rastail Co signed a long term finance lease for an office building. The terms of the lease required Rastall to pay

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On January 1, 2021 Rastail Co signed a long term finance lease for an office building. The terms of the lease required Rastall to pay $30,000 annually, beginning December 31, 2021, and continuing each year for 30 years on January 1, 2021, the present value of the lease payments is $337734 discounted at the 8% interest rate implicit in the lease. In Rasta's December 31, 2021 balance sheet, the lease payable should be Multiple Choice 5307734 $334753 5337734

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