Daffy Duck Inc. leased equipment from Goofy Corp. on January 1, 2021, in an operating lease. The present value of the lease payments discounted at 8% was $60,000. Eight annual lease payments of $8,000 are due each January 1, beginning January 1, 2021. The amortization of the right-of-use asset in 2021 would be:

Group of answer choices

None of the options listed.

$3,840

$5,200

$3,820

$4,780