Question: Aaronson Supplies leased computers for 3 years from IBM. The lease was rightly classified as an operating lease by Aaronsen. Each year Aaronson pays $30,000

Aaronson Supplies leased computers for 3 years from IBM. The lease was rightly classified as an operating lease by Aaronsen. Each year Aaronson pays $30,000 at the beginning of the lease term. It correctly capitalized $82,800 as the ROU Asset and Lease Payable. At the end of the first year it correctly accrued $4,750 as interest expense. What is the amount of amortization of the ROU asset for the first year?

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