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Vigan Real Estate leases office space. On January 3, Phoenix incurs $72,000 to improve the leased office space. These improvements are expected to yield benefits for 8 years. Vigran has 6 years remaining on its lease Compute the amount of amortization expense that should be recorded the first year related to the improvements. Multiple Choice 518.500 O $15.500 o 39,000 $6,500 $12,000 Multiple Choice $18,500 O $15,500 O $9,000. $6,500 $12,000