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Warren Co. recorded a right-of-use-asset of $720,000 in a 9-year Type A lease. The interst rate charged by the lessor was 10%.Under the new ASU,

Warren Co. recorded a right-of-use-asset of $720,000 in a 9-year Type A lease. The interst rate charged by the lessor was 10%.Under the new ASU, the balance in the right-of-use asset after 3 years will be:

A.) $480,000

B.) $568,889

C.) $888,889

D.) $800,000

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