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. 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
. 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: O a. $34,243 O b. $31,604 OC. $32,515 O d. $30,675 Oe. $28,835
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