What is the capitalized amount of the right of use asset
Problem
Lease: 6 years, beginning June 1, 2020.Rental Payment: $33,000 annually Incremental borrowing rate: 5%Rate implicit in the lease: 9%
What is the capitalized amount of the right of use asset?
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Lease: 6 years, beginning June 1 2020. Rental Payment: $33000 annually Incremental borrowing rate: 5%. What is the capitalized amount of the right of use asset?
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