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please hand writing i will upvote you On December 31, 2023, Reagan Incorporated signed a lease with Silver Leasing Company for some equipment having a
please hand writing i will upvote you
On December 31, 2023, Reagan Incorporated signed a lease with Silver Leasing Company for some equipment having a seven-year useful life. The lease payment are made by Reagan annually, beginning at signing date. Title does not transfer to the lessee, so the equipment will be returned to the lessor on December 31 . 2029. There is no purchase option, and Reagan guarantees a residual value to the lessor on termination of the leas Reagan's lease amortization schedule appears below At what amount would Reagan record the right-of-use asset at the beginning of the agreement? ( Show Transcribed Text Multiple Choice $458,400 $315,415 $489,000 $391,815Step by Step Solution
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