Canin Cranes Co. leased an asset under the following terms: Annual lease payments $7,500 Asset's estimated useful life 8 years Asset's fair market value $65,000 Lease term 4 years Present value of lease payments $35,500 The lessee's entry to record the leased asset and lease acquired would include a O debit to right-of-use for $35,500. O debit to right-of-use for $40,000. credit to lease liability for $7,500. credit to lease payable for $7,500