Louie the lessee leased an asset for a threeyear lease term. Louie appropriately accounted for the lease as a finance lease and recorded a rightofuse asset for $45,000. The asset has a useful life of four years. How much amortization expense should Louie record each year?

Group of answer choices

$15,000

$11,250

$0, for a finance lease, the lessor will record amortization expense for the rightofuse asset

$0, Louie will record depreciation expense, not amortization expense.