Bucs Inc. recorded a right-of-use asset of $130,000 in a 10-year operating lease. Payments of...
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Bucs Inc. recorded a right-of-use asset of $130,000 in a 10-year operating lease. Payments of $19,234 are made annually at January 1 of each year beginning January 1, 2021. The interest rate charged by the lessor (known to Bucs) was 10%. The balance in the right-of-use asset at December 31, 2021, will be:
Multiple Choice
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$130,000.
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$117,002.
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$121,843.
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$110,766.
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