On January 1, 2019. Charlie's Chocolate Factory leased a piece of equipment from Oompa Loompa, Inc. Charlie recorded a Right-of-Use Asset and a Lease Liability in the amount of $100,000. The following information relates to the lease and the leased equipment: The lease term is 4 years and the economic life of the asset is 5 years. The leased asset has a guaranteed residual value of $20,000 at the end of year 4 , which Charlie's Chocolate Factory guarantees. Ownership of the leased equipment reverts back to Oompa Loompa at the end of the lease. Charlie uses the straight-line method for amortization. On December 31, 2019, what amount will Charlie's Chocolate Factory record as amortization expense associated with the leased equipment