$($###$13)$No chat gpt answers & don't copy from chegg or else I'll give $5$ downvotes

A company enters into a $10-$year lease for a specialized piece of equipment.

The lease has an annual payment of $$50,000,$ a bargain purchase option of $$10,000$ at the end $($reasonably certain to be exercised$),$ and an implicit interest rate of $8\%.$

Calculate the right$-$of$-$use asset and lease liability to be initially recorded