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For the following lease, determine the amount the right-of-use (ROU) asset will be initially measured...

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Accounting

For the following lease, determine the amount the right-of-use (ROU) asset will be initially measured at. Round your answer to the nearest whole dollar.
Annual payment (due at end of year)
$23,000
Lease term (years)
5
Incremental borrowing rate
10%
Implicit rate (readily determinable by lessee)
8%
Unguaranteed residual value
NA
Guaranteed residual value
25,000
Expected payout under guarantee
0
A. $91,832
B. $102,711
C. $105,444
D. $ 108,846

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