$0.73 $0.94 Question 14 (3 points) Listen Which ONE of the following statements is FALSE? After reassessing the lease term, the lessee always remeasures the lease liability at the present value of the remaining lease payments using the lessee's incremental borrowing rate at the beginning of the lease. When the lessor's implicit rate is unknown, the lessee uses its own incremental borrowing rate for discounting future payments to present value. An exception to not including variable payments in the calculation of the lease liability recorded at the beginning of the lease is when apparent "variable" payments actually are in-substance fixed payments. Question 15 (8 points) Listen On January 1, 2021, Cafmed leased equipment from Cres Co. under a nine-year lease. The lease specifies annual payments of $25,000 beginning January 1, 2021