Question: Current Attempt in Progress The following information concerns the lease apreement. Click here to view the factor table PRESENT VAIUE OF AN ANNUITY DUE (


Current Attempt in Progress The following information concerns the lease apreement. Click here to view the factor table PRESENT VAIUE OF AN ANNUITY DUE \\( P V F-A D_{n, 1}=1+\\frac{1-\\frac{1}{(1+i)^{n-1}}}{i} \\) Using (1) factor tables, (2) a financial calculator, or (3) Excel functions, calculate the amount of the right-of use anset and lease liability. (Round factor values to 5 decimal pleces, es. 1.25124 and final answers to 0 decimal ploces, es: 5,275 ). The amount of the right-of use asset Prepare the initial entry to reflect the signing of the lease agreement. (List all debit entries before credit entries Credit occount ofies are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select \"No entry\" for the account titles and enter Ofor the amounts)
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