Morkov Industrial Leasing leases a large piece of equipment to Asgreen Enterprises. The lease is an $8-$year lease and the equipmenthas an expected useful life of $10$ years. At the end of the lease, Asgreen will return the equipment to Morkov, and Morkov expects the equipment to have a value of $$5,000$ at the end of the lease. Morkov purchased the equipment for $$80,000$ originally and sets lease payments required by the lessee to earn $6\%$ annual interest. The lease agreement was signed on October $1,2023$ and the first payment from Asgreen was due upon signing $($at the beginning of the lease$).$