Question: On October 1 , 2 0 2 1 , Sonoma Company leased equipment from Napa Inc. in lease payable in five equal annual payments of

On October 1,2021, Sonoma Company leased equipment from Napa Inc. in lease payable in five equal annual payments of $560,000, beginning Oct 1,2022. Similar transactions have carried an 9% interest rate. The right-of-use asset would be recorded at: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)(Use appropriate factor(s) from the tables provided.)
Multiple Choice
$0.
$2,178,204.
$2,374,243.
$2,800,000.
 On October 1,2021, Sonoma Company leased equipment from Napa Inc. in

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