Question: On January 1 , 2 0 2 4 , Perez Company recorded a right - of - use asset of $ 2 7 0 ,

On January 1,2024, Perez Company recorded a right-of-use asset of $270,360 in an operating lease. The lease calls for ten annual payments of $40,000 at the beginning of each year. The interest rate charged by the lessor was 10%. The balance in the right-of-use asset on December 31,2024, will be:
Multiple Choice
$243,324.
$270,360.
$230,360.
$253,396.

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