JJC Company leases a machine for three years at a cost of $50,000 per year. The lease agreement includes a clause that allows the lessee to pay a termination fee of $110,000 to exit the lease after the first year. Over what period should the right-of-use asset be depreciated? Multiple Choice The period over which the lessee cannot exit the lease agreement, given it is uncertain as to whether or not JJC will use the termination clause. The time period of the full lease agreement, given it is reasonably certain that the lessee will not exercise the termination clause O The same time period over which the lessor depreciates the asset. No depreciation is necessary given the asset is not legally owned by JJC