Question:On January 1 of Year 1, XYZ Company leases a building and records the leasehold asset and the liability at $210,620, which is the present value of five end-of-year payments of $50,000, each discounted at 6 percent. The asset has a useful life of five years and a zero salvage value. Assuming straight-line amortization, what amount would XYZ Company report on its Balance Sheet as the book value of the leasehold asset as of December 31 of Year 1? 

A $250,000 
B $168,496 
C $210,620 
D $160,620 

+ Answer
D 

+ Explanation
Answer not sure

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Md. Habib Ullah

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