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Refer to the following lease amortization schedule. The 10 payments are made annually starting with the inception of the lease. Title does not transfer to

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Refer to the following lease amortization schedule. The 10 payments are made annually starting with the inception of the lease. Title does not transfer to the lessee and there is no bargain purchase option or guaranteed residual value. The asser has an expected economic life of 12 years. The lease is noncancclable. Effective Payment Cash Payment Decrease in balance Interest Balance 63.282 1 10,000 53,282 10,000 10,000 2 6,394 3.606 49.676 3 10.0001 5.961 4,039 45,638 4 10,0001 5,477 4.523 41.114 5 10,000 4.934 5.066 36,0481 6 10,000 4,326 5.674 30.373 24.0181 7 10,000 3,645 6.355 7 10.000 3,645 6,355 24.018 8 10,000 2,882 7.118 16.901 9 10,000 ? 10 10.0001 ? What would the lessee record as annual depreciation on the assat using the straight line mothod? a. $5,328 6.56.328 C.$6.392 d.$10,000

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