Marty$$s Woodcarving Warehouse leased a piece of carving equipment on December $31,20$X$4,$ classified as a finance lease. The three$-$year lease requires lease payments of $$50,000$ due each December $31$st$,$ with the first payment due December $31,20$X$5.$ The contract$$s implied discount rate is $12\%$ and the present value of the lease payments is $$120,092.$

What amount of amortization expense on the right$-$of$-$use asset will be recorded for $20$X$5?$

$$35,589$

$$50,000$

$$14,411$

$$40,031$