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36. Which of the following statements is most correct as it relates to the recording of a capital lease? a. The capital lease is shown on the lessee's balance sheet as an asset and amortized over the asset's useful life. b. The capital lease is listed as an asset on the lessor's balance sheet and amortized over lease term. c. A capital lease is listed as an asset on the lessee's balance sheet and must be amortized over the lease period. d. A capital lease is listed as an asset on the lessee's balance sheet and must be amortized over the asset's useful life.
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A capital lease is listed as an asset on the lessee's balance sheet and must be amortized over the lease period is most correct as it relates to the recording of a capital lease.
Expert answered|jeifunk|Points 9358|
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Asked 4/6/2013 12:00:13 PM
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