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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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