QUESTION 2 On January 1, 20X4, Kangaroo Inc. (KI) entered into a lease agreement contract that entitled it to use equipment. Details of the contract follow: Lease payment, including maintenance agreement $85,000 Maintenance agreement included in lease payment $3,000 Implicit rate in the lease (not known) 496 incremental borrowing rate 5% Lease term 6 years Economic life of equipment 7 years Guaranteed residual value $20,000 Expected pay-out on residual value guarantee $6,000 Option to purchase No First annual payment due Commencement date KI's year-end is December 31. KI elects to adopt the practical expedient available to it and not to separately report the lease and non-lease components in the contract. What is the amount that it will record for depreciation of this right- of-use asset for its year-ended December 31, 20X4? 0 8.$65,355 0 b.$73,582 0 C$77,988 0 d.$76,247