View Policies Current Attempt in Progress Cullumber Ltd. entered into a lease on June 1, 2020. The lease term is six years and requires annual rental payments of $30,300 at the beginning of each year. Cullumber's incremental borrowing rate is 55 and the rate implicit in the lease is 9%. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY DUE. Calculate the capitalized amount of the right-to-use asset if Cullumber follows IFRS 16. (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 2 decimal places, e.g. 5,275.75.) Leased Asset $ e Textbook and Media