Item$9$

$1\mathrm{.}5$points

Time Remaining $25$ minutes $2$ seconds

$00$:$25$:$02$

Item$9$

Time Remaining $25$ minutes $2$ seconds

$00$:$25$:$02$

In an operating lease in which the asset$$s economic life and lease term are different:

Multiple Choice

The lessee amortizes the leased asset over the term of the lease at a straight$-$line amount.

The lessee amortizes the asset over its economic life.

The lessee amortizes the leased asset at an amount that increases each period.

The lessor amortizes the leased asset over the term of the lease.