Refer to the following lease amortization schedule. The 10 payments are made annually starting with the beginning of the lease. Title does not transfer to the lessee and there is no purchase option or guaranteed residual value. The asset has an expected economic life of 12 years. The lease is noncancelable. What amount would the lessee record as annual amortization on the right-of-use asset using the straight-line method? (Round your answer to the nearest dollar.)

ase is noncancelable. Cash Effective Decrease outstanding Balance 101, 456 87, 456 80, 453 72, 889 64, 720 55, 898 46, 370 36,079 24, 966 Payment PaymentInterest in balance 14, 000 14,000 14, 000 14, 000 14, 000 14,000 14,000 14,000 14, 000 14,000 6,997 6, 436 5, 831 5, 178 4, 472 3, 710 2,886 14,000 7,003 7,564 8, 169 8, 822 9,528 10,290 11,114 4 5 6 8 2 10 What amount would the lessee record as annual amortization on the right-of-use as the nearest dollar.)