On January 1, 2016, AL JAZEERA STEEL PRODUCTS has signed a 15-year lease agreement for an equipment Annual payments are OMR 16,000 at the beginning of each year. At the end of the lease, the equipment will be returned back to the lessor. The equipment has a useful life of 15 years and has no residual value. At the time of the lease agreement, the equipment has a fair value of OMR 225,000. An interest rate of 6% is paid and straight line depreciation method is used. Required: Prepare amortization table for 10 years if the PV of the minimum lease payments is OMR 220,000. 1 A- BI E = % Answer in the Word document (ANSWER SHEET) and Upload as attachment below