5. N Corp. entered into a nine-year lease on a warehouse on December 31, 2019. Lease payments were 500,000, are due annually, beginning on December 31, 2020. The warehouse has an estimated useful life of 10years. If the implicit rate is 9%, how much is the depreciation to be recognized in 2020? (Use 2 decimal places for PV factor) a) 500,000 b) 280,000. c) 450,000 d) 333,333