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ACC 222 Exam 2 Practice- Northern Virginia Community College
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Durney Co. recorded a right-of-use asset of $800,000 in a ten-year finance lease. The interest rate charged by the lessor was 10%. The balance in the right-of-use asset after two years will be: $648,000! $640,000 $880,000 $968,000 In a finance lease, the lessee amortizes its right of use asset on a...
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