Incorrect 0/20 pts Question 1 In computing the present value of the total lease payments, the lessee should use its incrementa borrowing rate in all cases use either its incremental borrowing rate or the implicit rate of the lessor, whichever is bigher assuming that the implicitrate is known to the lessee use either its incremental borrowing rate or the implicit rate of the lessor, whichever is lower, assuming that the implicit rate is known to the lessee This was the old rule under ASC 840. None of the answers are correct