A company recorded a right-to-use asset in the amount of $63,282. The lease is for 10 years, although the asset has an expected economic life of 12 years. The annual lease payments are $10,000. Therefore, using the straight-line method, the lessee would record annual amortization of the right-of-use asset in the amount of: $6,328. $5,328. O $6,392 $10,000

A company recorded a right-to-use asset in the amount of $63,282. The lease is for 10 years, although the asset has an expected economic life of 12 years. The annual lease payments are $10,000. Therefore, using the straight-line method, the lessee would record annual amortization of the right-of-use asset in the amount of: $6,328. $5,328. $6,392 $10,000