e20.17 (lo 3, 4) (accounting for an operating lease) on january 1, 2025, nelson co. leased a building to wise inc. the relevant information related to the lease is as follows. the lease arrangement is for 10 years. the building is expected to have a residual value at the end of the lease of $3,500,000 (unguaranteed). the leased building has a cost of $4,000,000 and was purchased for cash on january 1, 2025. the building is depreciated on a straight-line basis. its estimated economic life is 50 years with no salvage value. lease payments are $275,000 per year and are made at the beginning of the year. wise has an incremental borrowing rate of 8%, and the rate implicit in the lease is unknown to wise. both the lessor and the lessee are on a calendar-year basis. instructions prepare the journal entries that nelson should make in 2025. prepare the journal entries that wise should make in 2025. if wise paid $30,000 to a real estate broker on january 1, 2025, as a fee for finding the lessor, what is the initial measurement of the right-of-use asset? explain.