Sheridan Corp., which uses IFRS, signs non$-$renewable, non$-$cancellable lease agreement to lease robotic equipment from Sunland Inc. The following information concerns the lease agreement.

Inception date January $1,2023$

Lease term $5$ years

Fair value of equipment Jan. $1,2023$ $$270,000$

Economic life of leased equipment $7$ years

Annual rental payments starting Jan. $1,2023$ $$48,399$

Option to purchase at the end of the term none

Depreciation method Straight$-$line

Residual value none

Sheridan$$s incremental borrowing rate $9\%$

Click here to view the factor table PRESENT VALUE OF AN ANNUITY DUE.

$($a$)$

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Using $(1)$ factor tables, $(2)$ a financial calculator, or $(3)$ Excel functions, calculate the amount of the right$-$of$-$use asset and lease liability. $($Round factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answers to $0$ decimal places, e$.$g$.5,275.)$

The amount of the right$-$of$-$use asset $enter the amount of the right$-$of$-$use asset in dollars rounded to $0$ decimal places

$191641\mathrm{.}37$

Incorrect answer