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Please show all work, thank you. Warren Co. recorded a right-of-use asset of $790,000 in a 10-year finance lease. The interest rate charged by the

Please show all work, thank you.

Warren Co. recorded a right-of-use asset of $790,000 in a 10-year finance lease. The interest rate charged by the lessor was 10%. The balance in the right-of-use asset after two years will be:

  • $632,000.

  • $935,492.

  • $639,900.

  • $793,292.

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