On January 1, 2025, Crane, Inc. signs a 10-year noncancelable lease agreement to lease a storage building from Monty Warehouse Company. Collectibility of the lease payments is reasonably predictable and no important uncertainties surround the 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 of each year. (b) The fair value of the building on January 1, 2025 is $5950000; however, the book value to Monty is $4900000. (c) The building has an estimated economic life of 10 years, with no residual value. Crane 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) Crane's incremental borrowing rate is 10% per year. Monty Warehouse Co. set the annual rental to ensure a 8% rate of return. The implicit rate of the lessor is known by Crane, 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 $14900 of executory costs related to taxes on the property.. Click here to view factor tables. From the lessee's viewpoint, what will be recorded as Right-of-Use Asset amount? (Round factor value calculation to 5 decimal places, e.g. 1.25124. and round intermediate calculation to O decimal places.) Cullumber Company leases equipment from Martinez Inc. for five years starting on January 1, 2025. The lease is properly classified as a finance/sales-type lease. The terms of the lease are as follows: a) Martinez will pay $3300 in legal fees to execute the lease. b) Martinez will incur $1500 of lease documentation costs after the execution of the lease. c) Cullumber will pay commissions to the lease negotiator of $3300. d) Cullumber must prepay the last month's rental payment of $16500. e) Cullumber pays internal engineering costs of $8250 to identify any structural considerations when installing the equipment. f) The initial measurement of the liability for Cullumber is $150000. What amount will be reported for Cullumber's right-of-use asset at the commencement date? $150000 O $174750 $174600 $178050