Wildhorse Company leases equipment from Pina Inc. for five years starting on January 1, 2025. The...
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Wildhorse Company leases equipment from Pina Inc. for five years starting on January 1, 2025. The lease is properly classified as a finance/sales-type lease. The terms of the lease are as follows: a) Pina will pay $2700 in legal fees to execute the lease. b) Pina will incur $1800 of lease documentation costs after the execution of the lease. c) Wildhorse will pay commissions to the lease negotiator of $2700. d) Wildhorse must prepay the last month's rental payment of $13500. e) Wildhorse pays internal engineering costs of $6750 to identify any structural considerations when installing the equipment. f) The initial measurement of the liability for Wildhorse is $180000. What amount will be reported for Wildhorse's right-of-use asset at the commencement date? $180000 $200700 $202950 $200250 Wildhorse Company leases equipment from Pina Inc. for five years starting on January 1, 2025. The lease is properly classified as a finance/sales-type lease. The terms of the lease are as follows: a) Pina will pay $2700 in legal fees to execute the lease. b) Pina will incur $1800 of lease documentation costs after the execution of the lease. c) Wildhorse will pay commissions to the lease negotiator of $2700. d) Wildhorse must prepay the last month's rental payment of $13500. e) Wildhorse pays internal engineering costs of $6750 to identify any structural considerations when installing the equipment. f) The initial measurement of the liability for Wildhorse is $180000. What amount will be reported for Wildhorse's right-of-use asset at the commencement date? $180000 $200700 $202950 $200250
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