A firm enters into a 5-year lease for new equipment. The equipment has an economic life of 8 years. The title passes to the lessee at the end of the lease. The firm records a right of use asset of $120,000. The incremental borrowing rate of the lessee is 5%. What amount of amortization does the firm record each year related to the leased asset? O $15,000 O $0 O $6,000 O $24,000 O $9,000