Warren Co. recorded the right of use asset $700,000 in 10 years finance lease. Interest by lessor

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Warren Co. recorded the right of use asset $700,000 in 10 years finance lease. Interest by lessor is 10%. The balance in the right of use assets after 2 years would be:

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International Financial Reporting and Analysis

ISBN: 978-1408075012

5th edition

Authors: David Alexander, Anne Britton, Ann Jorissen

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Posted Date: May 13, 2024 01:59 AM

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Warren Co. recorded the right of use asset $700,000 in 10 years finance lease. Interest by lessor

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1 First calculate the annual lease payment using the present value of an annuity formula Principal a... View the full answer

International Financial Reporting and Analysis

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