On January 2, 2021, Nori Mining Co. (lessee) entered into a 5-year lease for drilling equipment. Nori accounted for the acquisition as a finance lease for $375,200, which includes a $6,000 purchase option at the end of the lease. Nori is reasonably certain to exercise the purchase option. Nori estimates that the equipment's fair value will be $12,000 at the end of its 8-year life. For the year ended December 31, 2021, what amount should Nort recognize as amortization expense on the right-of-use asset? Multiple Choice $75,040 $18.000 $73.840 $45.400