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aq.add.aspect.lease.001_0818 Louie the lessee leased an asset for a three-year lease term. Louie appropriately accounted for the lease as a finance lease and recorded a

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aq.add.aspect.lease.001_0818 Louie the lessee leased an asset for a three-year lease term. Louie appropriately accounted for the lease as a finance lease and recorded a right-of-use asset for $45,000. The asset has a useful life of four years. How much amortization expense should Louie record each year? $15,000$11,250 $0, for a finance lease, the lessor will record amortization expense for the right-of-use asset \$0, Louie will record depreciation expense, not amortization expense

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