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On January 1, 2021, ABC Corp. leased equipment to Genny Corp. under a 3-year operating lease. The cost of the equipment to ABC was $125,247

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On January 1, 2021, ABC Corp. leased equipment to Genny Corp. under a 3-year operating lease. The cost of the equipment to ABC was $125,247 with a 6-year useful life, $0 salvage value, and is depreciated using the straight-line method. Which of the following will appear on ABC's income statement for the year ended December 31, 2021? Click to select) Depreciation Expense of $20,874 Amortization Expense of $41,749 Amortization Expense of $20,874 Lease Expense of $36,000

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