Question: Please provide work and answers in spreadsheet format, thanks! Use the information from Exercise 12- 20. Assume that the lease has been correctly classified as

Please provide work and answers in spreadsheet format, thanks!

Please provide work and answers in spreadsheet format, thanks! Use the information

from Exercise 12- 20. Assume that the lease has been correctly classified

Use the information from Exercise 12- 20. Assume that the lease has been correctly classified as an operating lease. (Note: Since you are not determining what type of lease this is, not all of the information in the problem will be used) m e Determine the value of the right to use asset and lease liability at commencement of the lease a. For the lease expense recognized each year, determine the amount of interest and amortization that are included in each years expense. b

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