Question: Question 5 :2 lll'ie'lllr Policies Current Attempt in Progress On January 2, 2021, Wildhorse, Inc. signed a 10-year no ncancelable lease for a heavy duty

Question 5 ":2 lll'ie'lllr Policies Current Attempt in Progress On January 2, 2021, Wildhorse, Inc. signed a 10-year no ncancelable lease for a heavy duty drill press.The lease stipulated annual payments of $270000 starting at the beginning of the rst year, with title passing to Wild horse at the expiration of the lease. Wild horse treated this transaction as a nance lease. The drill press has an estimated useful life of 15 years. with no salvage value. Wild horse uses straight-line amortization for all of its plant assets. Aggregate lease payments were determined to have a presentyalue of \"590093, based on implicit interest of 11%. In its 2021 income statement, what amount of amortization expense should Wild horse report from this lease transaction? 0 HEDGE] o $105005 0 $159009 0 $133005

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