Question: On December 1 , 2 0 2 3 , Oriole Corp. leased office space for 1 0 years at a monthly rental of $ 4

On December 1,2023, Oriole Corp. leased office space for 10 years at a monthly rental of $43000, under an operating lease. On that
date Oriole paid the landlord the following amounts:
Oriole debited the entire $286200 payment to Prepaid Rent.
How much should Oriole Corp recognize as rent expense for the year ended December 31,2023?
$28620
$44310
$161500
$43000
On December 1,2023, Oriole Corp. leased office space for 10 years

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