Question 1 of 10 0.5/1 Crane Ltd. entered into a lease on June 1, 2020. The lease term is six years and requires annual rental payments of $29,700 at the beginning of each year. Crane's incremental borrowing rate is 5% and the rate implicit in the lease is 9%. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY DUE. Your answer is correct. Calculate the capitalized amount of the right-to-use asset if Crane follows IFRS 16. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 2 decimal places, e.g. 5,275.75.) Leased Asset $ 145222.218 i eTextbook and Media X Your answer is incorrect. Calculate the capitalized amount of the leased asset if Crane follows ASPE. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 2 decimal places, e.g. 5,275.75.) Leased Asset $ 150748.29