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Warren Co. recorded a right-of-use asset of $780,000 in a 10-year finance lease. The interest rate charged by the lessor was 10%. The balance in

Warren Co. recorded a right-of-use asset of $780,000 in a 10-year finance lease. The interest rate charged by the lessor was 10%. The balance in the right-of-use asset after 2 years will be:

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$858,000.

$943,800.

$624,000.

$631,800.

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