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Red co recorded a right-of-use asset of 165000 in a 10-year

Question - Red Co. recorded a right-of-use asset of $165,000 in a 10-year finance lease. Payments of $26,853 are made annually at the end of each year. The interest rate charged by the lessor was 10%. The balance in the lease payable after two years will be:

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Accounting Basics: Red co recorded a right-of-use asset of 165000 in a 10-year

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Accounting Basics: Red co recorded a right-of-use asset of 165000 in a 10-year

Reference No:- TGS02675183

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