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The Harris Company is the lessee on a four-year lease with the following payments at the end of each year: Year 1: $ 14,500 Year

The Harris Company is the lessee on a four-year lease with the following payments at the end of each year: Year 1: $ 14,500 Year 2: $ 19,500 Year 3: $ 24,500 Year 4: $ 29,500 An appropriate discount rate is 7 percentage, yielding a present value of $73,088. a-1. If the lease is an operating lease, what will be the initial value of the right-of-use asset

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