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  3. blue co. recorded a right-of-use asset of $190,000

Blue Co. recorded a right-of-use asset of $190,000 in a 10-year operating lease. Payments of...

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Accounting

Blue Co. recorded a right-of-use asset of $190,000 in a 10-year operating lease. Payments of $33,627 are made annually at the end of each year. The interest rate charged by the lessor was 12% and was known by Blue. The balance in the right-of-use asset after two years will be:

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