Answer:
The following are the answer to this question:
Explanation:
There really is no Naming Convention accessible, that may differentiate noticeably:
It lease doesn't really follow any one of the criteria of a leased asset and is therefore classified as a lease:
Date Account title and explaination Debit Credit
1-1-17 Asset right of use $99,169 $99,169
1-1-17 Liability lease cash $35,000 $35,000
12-31-17 Leasing Expenses $35,000 $3,850
Liability for leasing
$ 31, 150
Activity Right to Use (plug)