The Pharmacy, Inc. has leased a building and determined that the lease should be classified as a capital / finance lease over the life of the 15 year lease. The present value of the lease payments is $900,000. The fair value of the building is $1,150,000. The governmental tax authority thinks that the building should be depreciated over 10 years because it qualifies for a special historical initiative. Monthly straight-line GAAP depreciation for the building is:

Select one:

a. $60,000

b. $90,000

c. $0

d. $7,500

e. $5,000