Hall, Inc. agrees to lease equipment from White Inc. for 10 years for $50,000 at the end of each year. The equipment has a fair value of $350,000 and an estimated useful life of 10 years. The lease inclu des a guaranteed residual value of $20,000. In addition to the lease payme Hall will pay $10,000 per year for a maintenance agreement. Hall ca inance this lease with its bank at a 12% rate. The lessor's implicit in ate is 10%. Use the present value factors from Appendix I near the our text to perform any necessary present value calculations. At th f Year 1, Hall will make a payment of $60,000. How much straight epreciation expense will Hall record for Year 1? mangoinic dedO)S $29,494 a. b. $30,723 01 404