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Sarasota Equipment Leasing Company leased equipment to Sunland Healthcare System on January 1 , 2 0 2 5 , for a four - year period.
Sarasota Equipment Leasing Company leased equipment to Sunland Healthcare System on January for a fouryear period. Equal annual payments under the lease are $ and are due on January of each year. The first payment was made on January The Sarasota Equipment Leasing implicit rate of interest, which is known to Sunland Healthcare is Sunland incremental borrowing rate is The cost of the equipment on Sarasota Equipment Leasing accounting records was $ Assuming that the lease is appropriately recorded as an operating lease, what is the reduction to the carrying value of the RightofUse Asset account for Sunland Healthcare Systems at December
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