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Taylor leases an asset from Moonlight Company. Data: - Three - year, noncancellable lease. Asset life is five years. - Payments of $ 1 6

Taylor leases an asset from Moonlight Company. Data:
- Three-year, noncancellable lease.
Asset life is five years. - Payments of $16,731 each January 1.(\$50,193 total)
- Asset FV and BV at lease commencement: $60,000
- Unguaranteed salvage value: \$15,000
- Lessor implicit rate 6%, known by lessee.
- No transfer of title or purchase option.
- Commencement 1/1/20
- Lease qualifies as an operating lease Taylor's Right of Use asset at 12/31/20 will be approximately Select one: a. $34,243 b. $31,604 c. $32,515 d. $30,675 e. $28,835

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