Required information On January 1, 2021, Freshbooks Industries signed an 18-year lease for heavy equipment. The lease is accounted for by Freshbooks as a finance lease. The lease required annual payments of $19.000 beginning December 31, 2021 The heavy equipment has an estimated useful life of 20 years, with $2.000 residual value. Freshbooks uses straight-line depreciation for all its plant assets. The lease payments have a present value of $159.000, based on a 10% interest rate. How much depreciation expense should Freshbooks report for the lease on its 2021 income statement