On January $1,2025,$ Blossom, Inc. signs a $10-$year noncancelable lease agreement to lease a storage building from Bramble Warehouse Company. Collectibility of lease payments is reasonably predictable and no important uncertainties surround the amount of costs yet to be incurred by the lessor. The following information pertains to this lease agreement.

$($a$)$ The agreement requires equal rental payments at the beginning each year.

$($b$)$ The fair value of the building on January $1,2025$ is $$5350000$; however, the book value to Holt is $$4300000.$

$($c$)$ The building has an estimated economic life of $10$ years, with no residual value. Blossom depreciates similar buildings using the straight$-$line method.

$($d$)$ At the termination of the lease, the title to the building will be transferred to the lessee.

$($e$)$ Blossom's incremental borrowing rate is $10\%$ per year. Bramble Warehouse Co$.$ set the annual rental to ensure a $8\%$ rate of return. The implicit rate of the lessor is known by Blossom, Inc.

$($f$)$ In addition to the payments for the use of the leased asset, the lessor also requires the lessee to pay a yearly payment of $$13700$ of executory costs related to taxes on the property.

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Blossom, would record amortization expense on this asset in $2025$ of $($Round factor value calculation to $5$ decimal places, e$.$g$.1\mathrm{.}25124.)$

$$544928.$

$$819322.$

$$0.$

$$430000.$