8) Cady Salons leased equipment from Smith Co. on January 1, 2018, in an operating lease. The present value of the lease payments discounted at 10% was $80,000. Ten annual lease payments of $12,000 are due at each January 1 beginning January 1, 2018. The amortization of the right-of-use asset for the reporting year ending December 31, 2018, would be: A) $ 5,200. B) $ 6,800. C) S 8,000. D) $12,000. hiah one ordinarily creates a deferred tax asset