McEnroe, a calendar year company, has the following income before income tax provision and estimated effective annual income tax rates for the first three quarters of 2017: Income Before Income Tax Quarter Provision Estimated Effective Annual Tax Rate at the End of Quarter First $120,000 25% Second 160,000 25% Third 200,000 30% McEnroe's income tax provision in its interim income statement for the third quarter should be $74,000. $60,000. $50,000. $144,000.A lessee with a finance lease containing a bargain purchase option should depreciate the leased asset over the asset's remaining economic life. term of the lease. life of the asset or the term of the lease, whichever is shorter. life of the asset or the term of the lease, whichever is longer