On January 1, Year 10, Awesome Contracting Corporation (ACC) purchased a specialized piece of construction equipment for $115,000 from Bulldozer Corporation (BC) and immediately leased it to Specialized Construction Ltd. (SCL). The equipment could not be used elsewhere without significant modification. Pertinent details follow: The lease term is 10 years. The economic life of the equipment is 12 years. The guaranteed residual value at the end of the lease is $22,000. The expected payout on the residual value is $5,000. ACC's required rate of return for transactions of this nature is 10%, which is noted in the lease agreement. SCL will make annual payments, with the first payment due on January 1, Year 10. All companies have December 31 year ends. The required payment is $19,199 per annum. What should SCL, the lessee, record as the cost of the ROU asset at initial recognition?