On January 2, 2021, Nori Mining Co. (lessee) entered into a 5-year lease for drilling equipment. Nor accounted for the acquisition as a finance lease for $475,200, which includes a $4,400 purchase option at the end of the lease. Nori is reasonably certain to exercise the purchase option. Nori estimates that the equipment's fall value will be $8,800 at the end of its 8 year life. For the year ended December 31, 2021. What amount should Nori recognize as amortization expense on the right of-use asset? Multiple Choice $58,300 $95.040 $13,200 $94.160