Weta Corporation bases photocopy equipment from Digital Corporation $24,000 per year for 3 years beginning January 1 2000 The payments are to be made each December 31, begewing in 2020. The lease agreement meets the tra for a finances. The gament to be depreciated straight line over three years. Assuming a xetective interest rate record the entry on 2020, the adjusting entry for depreciation on December 31 2020, and the entry to record the festtease payment Round all values to the newest Short Antwer