Save & Exit Submit Euro Co. leased vehicles from Winters Co. on January 1, 2021, which is classified as an operating lease. The present value of the lease payments discounted at 7% was $103,000. Ten annual lease payments of $13,700 are due at each January 1 beginning January 1, 2021. The amortization of the right-of-use asset for the reporting year ending December 31, 2021, would be: Multiple Choice $13,700 $6,251 $7,449. $7,210