Question: On January 1 , 2 0 2 4 , Diggs Inc. recorded a right - of - use asset of $ 1 0 0 ,

On January 1,2024, Diggs Inc. recorded a right-of-use asset of $100,075 in connection with an operating lease ($100,075 represents the right-of-use asset before any payments are made). The lease calls for 5 annual payments of $24,000 at the beginning of each year, beginning January 1,2024.The interest rate charged by the lessor was 10% and is known by the lessee. What would the company record as amortization expense for 2024? Group of answer choices $10,000, $7,607, $24,000, $16,393

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