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5. 0n January.r 1, 2010, Ball Co. leases a bulldozer from CAT Co. for 4years at $10,000 per year. The lease payments are due at

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5. 0n January.r 1, 2010, Ball Co. leases a bulldozer from CAT Co. for 4years at $10,000 per year. The lease payments are due at the end of each year. The useful life of that bulldozer is 5 years. There is no bargain purchase option at the end of the lease term. The market interest rate is 10%. Ball Co. uses straightline depreciation. What should Ball Co. recognize for this lease in journal entries on 1f1f2010, 12f31f2010, and 12f31/'2011

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