4/15 3 points Studiddio Inc. leases a plano from Dr. Plano, a plano sales tease, and repair company. The lease tema for 5 years, and Studio must make five annual rent payments or $4,500 beginning on lease commencement and at the start of every year afterward. The present value of these payments is $18.000 The fair value of the plan is $15.000 and the plano has a useful life of 30 years. The plano is not specialized in nature, the contract does not convey ownership of the piano to Studddio at the end of the lease term, and Studddio does not have an option to purchase the piano Studddio prepaid half of the first year's rent on the date the lease was excuted, which was prior to the lease commencement date. Studddio paid an insurance company $200 to guarantee the residual value of the piano. Studddio treated this payment as initial direct costs. Determine the lessee's initial measurement of the right of use asset Type your answer Next