Question: Part 2 A lessee has taken a machine on operating lease from a lessor for 5 years. The economic life of the machine is 1

Part2
A lessee has taken a machine on operating lease from a lessor for 5 years. The economic life of the machine is 10 years. Which one of the following statements is true about the asset?
The lessor has to depreciate the machine over the lease term.
The lessor has to depreciate the machine over its economic life.
The lessee has to depreciate the machine over its economic life.
The lessee has to depreciate the machine over the lease term.

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