On October 1, 2021, Sonoma Company leased equipment from Napa Inc. in lease payable in five equal annual payments of $540,000, beginning Oct 1, 2022. Similar transactions have carried an 11% interest rate. The right-of-use asset would be recorded at: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

$1,995,786

Explanation:

Calculation to determine what The right-of-use asset would be recorded at:

Using this formula

Right-of-use asset=Annual payments*PV ordinary annuity

Where,

Annual payments=$540,000

PV ordinary annuity of $1: n = 5; i = 11%=3.69590

Let plug in the formula

Right-of-use asset= $540,000 × 3.69590

Right-of-use asset = $1,995,786

Therefore The right-of-use asset would be recorded at:$1,995,786

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

answer: e

explanation: