Question: Answer the question using US GAAP. Do not copy the answers previously posted. They are all wrong. Please try to post answer asap 1 point:

Answer the question using US GAAP. Do not copy the answers previously posted. They are all wrong.

Please try to post answer asap

1 point: Mando Co. leased a piece of nonspecialized equipment for use in its operations from Empire Leasing on January 1,2019. The 5 year lease requires annua lease payments of $285, beginning on January 1. 2019. The lease qualifies as an operating lease for the lessee. Mando's incremental borrowing rate is 11%. Mando incurred inlital direct costs of 584. What is the lease exgense that Mando will record at the end of each year of the lease? (Round to the nearest whole dollar)

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