What amount would the lessee record as annual amortization on the asset using the straight-line method, assuming no residual value? (Round your answer to the nearest whole dollar.) Multiple Choice $6,039. $3,939. $4,989. $5,525. Refer to the following lease amortization schedule. The five payments are made annually starting with the beginning of the lease. A $2,200 purchase option is reasonably certain to be exercised at the end of the five-year lease. The asset has an expected economic life of eight years. Lease Cash Payment Payment ?? au WN 8,400 8,400 8,400 8,400 8,400 2,200 Effective Decrease in Outstanding Interest Balance Balance 39,910 ?? 31,510 1,575 6,825 24,685 1,234 7,166 17,519 876 7,524 9,995 ?? ?? 105 2,095 0 ?? What amount would the lessee record as annual amortization on the asset using the straight-line method, assuming no residual value? (Round your answer to the nearest whole dollar.) Multiple Choice $6,039