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(5 points) On January 1, 2021, Bamboo Co. signed a 5 year lease on an asset with a 8 year economic life. The lease doesn't

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(5 points) On January 1, 2021, Bamboo Co. signed a 5 year lease on an asset with a 8 year economic life. The lease doesn't transfer ownership or have a BPO. If the $602,685 lease payments had an initial present value of $2,790,368 and Bamboo Co.'s incremental interest rate is 4%, how much amortization expense will the company recognize on its 2021 income statement from this finance lease? (10 20 & 22) $348,796 $558,074 $0 $602,685

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