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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: The Harris Company is the

The Harris Company is the lessee on a four-year lease with the following payments at the end of each year:

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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: b-1. If the lease is a finance lease. what will be the initial value of the right-of-use asset? Year 1: $13,500 Year 2: $18, see Year 3: $23,500 Initial value of the right-of-use asset Year 4: $28,500 An appropriate discount rate is 7 percentage. yielding a present value of $69.701. G-1. If the lease is an operating lease. what will be the initial value of the right-of-use asset? Initial value of the right-of-use asset b-2. If the lease is a finance lease. what will be the initial value of the lease liability? Initial value of the lease liability a-2. If the lease is an operating lease. what will be the initial value of the lease liability? Initial value of the lease liability 2-3. If the lease is an operating lease. what will be the lease expense shown on the income statement at the end of year 1? b-3. If the lease is a finance lease. what will be the lease expense shown on the income statement at the end of year 1? (Leave no cells blank - be certain to enter "0" wherever required.) Lease expense Lease expense b-4. If the lease is a finance lease, what will be the interest expense shown on the income statement at the end of year 1? (Round your answer to the nearest dollar amount.) Interest expense 2-4. If the lease is an operating lease. what will be the interest expense shown on the income statement at the end of year 1? (Leave no cells blank - be certain to enter "0" wherever required.) interest expense b-s. If the lease is a finance lease. what will be the amortization expense shown on the income statement at the end of year 1? (Round your answer to the nearest dollar amount.) Amortization expense

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