Question: Please create an amortization schedule for a right-of-use asset. The company entered into an operating lease in 20X2 for a building. The lease is for

Please create an amortization schedule for a right-of-use asset.

The company entered into an operating lease in 20X2 for a building. The lease is for 10 years with yearly payments of $38,000. The discount/interest rate is 4.75%. The initial value of the right-of-use asset was reported as $286,103.

An amortization schedule is needed to record the appropriate amortization for 20X3.

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