Use the Following Information to Answer Questions Bellow

Multiple Choice

Use the following information to answer Questions bellow:
At the beginning of fiscal 2020, the county government signs a 2-year lease, with $50,000 paid at signing, and $50,000 due at the end of fiscal 2020. The lease has an implicit interest rate of 3%, the present value of the lease payments is $98,544, and the leased equipment has an estimated life equal to the life of the lease, no residual value.
-The lease is reported in an enterprise fund. What asset is reported for this lease in the proprietary funds statement of net position at the end of fiscal 2020?

A) Leased asset, $98,544
B) Leased asset, $49,272
C) Leased asset, $100,000
D) No asset is reported.