Exhibit Leased assets have an expected life of 5 years Depreciation is straight line Annual leasee payment is $1,400 Interest rate is 12% Find the depreciation of an asset with an expected life of 5...

Exhibit

Leased assets have an expected life of 5 years

Depreciation is straight line

Annual leasee payment is $1,400

Interest rate is 12%

Find the depreciation of an asset with an expected life of 5 years and a value equal to the present value of the lease payments in Exhibit.