On January 1, 2020, Abbvie Inc. leased several computers under a three-year operating lease agreement from International Leasing, which routinely finances equipment for other firms at an annual interest rate of 8%. The contract calls for four rent payments of $10,000 each, payable semiannually on June 30 and December 31 each year. The computers were acquired by International Leasing on January 1, 2020 at a cost of $90,000 and were expected to have a useful life of five years with no residual value.

What is the value of Abbvie Inc.s debit entry on January 1, 2020?

	a.	$40,000
	b.	$10,000
	c.	$36,300
	d.	$37,170
	e.	$0