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On January 1,2016, Green Co. recorded a right-of-use asset of $270,360 in a Type B lease. the lease calls for ten annual payments of $40,000

On January 1,2016, Green Co. recorded a right-of-use asset of $270,360 in a Type B lease. the lease calls for ten annual payments of $40,000 at the beginning of each year. The interest rate charged by the lessor was 10%. The balance in the right-of-use asset at December 31,2016 will be:

A. $270,360

B. $253,396

C. $243,324

D. $230,360

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