On January $1,2024,$ PokemonGo Company leased equipment to Waldo Corporation under a lease agreement that qualifies as an operating lease to Waldo. The present value of the end$-$of$-$year lease payments of $$183,988$ discounted at $11\%$ is $$680,000.$ The expected economic life of the asset is seven years. The lease term is five years. What would Waldo record as amortization in $2024?$

$$136,000$

$$276,453$

$$0$

$$109,188$