TB MC Qu. 15-88 (Algo) On January 1, 2021, Green...

On January 1, 2021, Green Co. recorded a right-of-use asset of $234,330 in an operating lease. The lease calls for ten annual payments of $33,500 at the beginning of each year. The interest rate charged by the lessor was 9%. The balance in the right-of-use asset at December 31, 2021, will be:

Multiple Choice

• $234,330.

• $218,905.

• $213,240.

• $180,747