114 Chapter 14 i Help Save & EXH 9 Aflac Corporation leased machinery under a finance lease arrangement with its lessee At January 1, 2021, the first day of the lease, the asset and lease obligation were recorded for $68,000. The first lease payment of $13,276 was due December 31, 2021 and the interest rate they used in their calculations was 7%. The lease term was 10 years. Which of the following best describes what would be reported on Afiac's statement of income for the year ending December 31, 2021? Multiple Choice 00:36 25 O $4760 interest expense. 55.472 depreciation expense $13.276 lease expense $13.276 lease expense 56,800 depreciation expense $4760 interest expense. 56,800 depreciation expense $4760 interest expense, $2040 depreciation expense B2285068-6082-4 p . 837958-46:44 1 Sidab-17-47.jpg 76000cc3-46.-19 114 Chapter 14 i Help Save & EXH 9 Aflac Corporation leased machinery under a finance lease arrangement with its lessee At January 1, 2021, the first day of the lease, the asset and lease obligation were recorded for $68,000. The first lease payment of $13,276 was due December 31, 2021 and the interest rate they used in their calculations was 7%. The lease term was 10 years. Which of the following best describes what would be reported on Afiac's statement of income for the year ending December 31, 2021? Multiple Choice 00:36 25 O $4760 interest expense. 55.472 depreciation expense $13.276 lease expense $13.276 lease expense 56,800 depreciation expense $4760 interest expense. 56,800 depreciation expense $4760 interest expense, $2040 depreciation expense B2285068-6082-4 p . 837958-46:44 1 Sidab-17-47.jpg 76000cc3-46.-19