Niko Ltd$.$ signed a lease for a five$-$year term that requires yearly, beginning$-$of$-$year payments of $$104,000$ including maintenance.

Based on allocating the lease payment on relative stand$-$alone prices, the lease component is $$94,400$ and the non$-$lease component

for maintenance is $$9,600.$ Niko has a residual guaranteed value of $$26,500$ at the end of the lease term. Niko's IBR Is $10\%.($PV of $$1,$

PVA of $$1,$ and PVAD of $$1.)($Use approprlate factor$($s$)$ from the tables provided.$)$

Required:

Calculate the ROU asset. $($Round your Intermedlate calculatlons and flnal answer to the nearest whole dollar amount.$)$

Answer is complete and correct.

Record the Inltial journal entry at commencement of the lease. $($If no entry Is requlred for a transaction$/$event$,$ select $"$No journal

entry requlred" In the first account fleld. Round your answers to the nearest whole dollar amount. Do not round Intermedlate

calculations.$)$

Answer is not complete.

How much will Niko record as an asset if the residual value is unguaranteed? $($Round your Intermedlate calculations and final

answer to the nearest whole dollar amount.$)$