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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

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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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