On January 1, Year 1. Lessee entered into a 4-year lease that does not transfer ownership or contain a purchase option. The economic life of the leased asset, which has an alternative use, is 6 years. Also, the present value of the lease payments is 75% of the fair value of the leased asset. If no initial direct costs are incurred, what is the lessee's appropriate accounting? O Amortize the right-of-use asset on a straight line basis over a 6-year period. Amortize the right-of-use asset on a straight-line basis over the lease term of A years, Each period interest expense recognized is equal to the amortization of the right-of-use asset Recognize lease expense for the same amount each period of the lease term