Business, 01.08.2020 18:01 HottheadAnthony7234

All of the following statements regarding leases are true except : A. For a capital lease the lessee records the leased item as its own asset. B. Capital leases do not transfer ownership of the asset under the lease, but operating leases often do. C. Capital leases create a long-term liability on the balance sheet, but operating leases do not. D. For a capital lease the lessee depreciates the asset acquired under the lease, but for an operating lease the lessee does not. E. For an operating lease the lessee reports the lease payments as rental expense.

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All of the following statements regarding leases are true except : A. For a capital lease the lessee...

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