Assume the following capital lease: Present value (PV) of lease payments at 12 percent is $25000. The leased asset is depreciated straight line over 6 years. The lease payment is $ 6000. The first payment of $ 6000 is to be paid at the end of the year. What is the second year’s interest expense and principal payment Interest Expense Principal Payout()①A. $ 0 $ 6000 ②B. $ 3000 $ 3000 ③C. $ 2640 $ 3360
A. ①
B. ②
C. ③