A lessee with an operating lease should amortize the leased asset over the: a. none of these are true
b. life of the asset or the term of the lease, whichever is shorter
c. life of the asset or the term of the lease, whichever is longer term of the lease

A

Explanation:

A lessee is the party that pays for the use of a leased asset under a leasing arrangement.

One major difference between the finance and operating lease is that while the lessee carry the leased asset as an asset in its book under the finance lease , the operating lease does not permit that , but it only record the lease obligation as an expenses in its income statement . To this effect , the lease agreement with an operating lease does not allows either depreciating or amortizing the leased asset

fractionally backed paper money

fiat money

paper money

metallic money

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are: