Each of the four independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The lessee is aware of the lessor's implicit rate of return.

Situations	1	2	3	4
Lease term (years)	3	4	5	6
Lessor's rate of return	9%	8%	7%	6%
Fair value of lease asset	$60,000	$90,000	$92,000	$85,000
Lessor's cost of leased asset	$55,000	$75,000	$78,000	$85,000
Residual Value:
Estimated fair value	0	$20,000	$16,000	$14,000
Guaranteed fair value	0	0	$16,000	$20.000

Calculate the amount the lessee would record as a right-of-use asset, for each of the above situations. Round to the nearest dollar. Format ($XX,XXX)

Situation 1:

Situation 2:

Situation3:

Situation4: