Please create an amortization schedule for a right-of-use asset. The company entered into an operating lease in
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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.
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
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