$1/1/2014$ ABC, Inc. enters into a $15-$year non$-$cancelable lease for a piece of machinery owned by Inc. The lease calls for annual payments of $$10,000$payable at the end of each year of the lease first payment due on $12/31/2014$ At the end of the lease the right to use the machine transfers back to XYZ so there is no ownership transfer but there is an option to purchase the machine at the end of the lease $12/31/2028)$ for $$50,000.$ This does not appear to represent a bargain purchase option ABC declined the choice to purchase the machine outright for $110\mathrm{.}000,$ and the economic life of the machine is believed to be $25$ years ABC $,$ Inc $,$ uses a discount rate to calculate present values and generally uses straight $-$ line depreciation to depreciate machines assuming a salvage value In addition ABC spends $ $15,000$ to customize the machinery for use in their factory They believe that this customization has a useful life of $20$ years $,$ and generally amortizes these types of costs on a straight $-$ line basis and assumes a zero salvage value $.$ What journal entey shoikd be recorded on $1//1/2014$