Himm Company leases an asset over its estimated useful life of six years. At the inception of the lease, the present value of the lease payments is $$240,000.$ The market value of the leased asset is $$258,000.$

Flimm uses the straight$-$line method to allocate lease$-$related assets to accounting periods during which benefits are derived from the leased assets. To allocate the costs of the related asset, Flinn should debit

Multiple Choice

amortization expense for $$43,000$

depreciation expense for $$43,000$

depreciation expense for $$40,000$

amortization expense for $$40,000$