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please answer to the question, M20-3. thanks. the...

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Accounting

please answer to the question, M20-3.

thanks.

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the --to- 7M20-3 For a lease that transfers ownership of the prop- LO 20.4 erty to the lessee by the end of the lease term, the lessee should: a. record each lease payment as lease expense b. combine interest expense and amortization expense and report as a single lease expense c. amortize the right-of-use asset over the lease term in a manner consistent with the lessee's normal depreciation policy for owned assets d. amortize the right-of-use asset over the economic life of the asset in a manner consistent with the lessee's normal depreciation policy for owned assets Refer to the following information for M20-4 and M20-5. machinery and equipment, leased th he

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