Answer the question using US GAAP. Do not copy the answers previously posted. They are all wrong.

Please try to post answer asap

1 pont Simon Property Group, Inc, owns shopping malls and leases stores in these malls to retallers, In its 2021 annual report, Simon Property disclosed the following information: Deferred Leose Costs Our deferred leasing costs consist primarify of initial direct costs. We record amortization of deferred leasing costs an a straight-fine basis over the terms of the related leases. Defails of these deferied costs as of December 31 are as follow: Deferred lease costs appear on Simon Property's balance sheet as which of the following A contra-liability Aliability A contra-asset An asset