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on january 2 2006 ral co leased land and building from an unrelated lessor for a ten 604601

On January 2, 2006, Ral Co. leased land and building from an unrelated lessor for a ten-year term. The lease has a renewal option for an additional ten years, but Ral has not reached a decision with regard to the renewal option. In early January of 2006, Ral completed the following improvements to the property:

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Description

Estimated life

Cost

Sales office

10 years

$47,000

Warehouse

25 years

75,000

Parking lot

15 years

18,000

Amortization of leasehold improvements for 2006 should be

  1. $ 7,000
  2. $ 8,900
  3. $12,200
  4. $14,000

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