Question: points Save Answer Grear Inc. leased a machine to Day Co. The present value of the lease payments under the implicit rate is $200,000 (implicit

points Save Answer Grear Inc. leased a machine to Day Co.

points Save Answer Grear Inc. leased a machine to Day Co. The present value of the lease payments under the implicit rate is $200,000 (implicit rate is known by Day). External initial direct costs incurred by Grear and Day were $3.000 and $1,000 respectively. In addition, Grear paid a rebate of $1,500 to Day as incentive to execute the lease. The capitalized value of the ROU asset by Day is which of the following $199.500 $201.000 $202.500. h $200.000

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