Durney Co. recorded a right-of-use asset of $800,000 in a ten-year finance lease. The interest rate charged by the lessor was 10%. The balance in the right-of-use asset after two years will be:

            A)        $968,000

            B)        $880,000

            C)        $648,000

            D)        $640,000

Answer rating: 100% (QA)

answer d 640000 expla... View the full answer