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Business, 18.03.2021 01:30 tmrodriguez1

Red Co. recorded a right-of-use asset of $150,000 in a 10-year finance lease. Payments of $24,412 are made annually at the end of each year. The interest rate charged by the lessor and known by Red was 10%. The balance in the lease payable after two years will be: (Round your final answer to the nearest whole dollar.) Multiple Choice $130,235. $181,500. $174,446. $120,000.

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Red Co. recorded a right-of-use asset of $150,000 in a 10-year finance lease. Payments of $24,412 ar...
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