On January 1, Year 2, a lessee enters into a three-year asset operating lease ...
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On January 1, Year 2, a lessee enters into a three-year asset operating lease
with annual payments of $18,000 per year. The first payment will be made December 31 and the interest rate implicit in the lease is 5.75 percent. (The present value of an ordinary annuity for three years at 5.75% is 2.685424. and present value of annuity due for 3 years at 5.75% is 3.362). What amount will lessee record ROUA as? B
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