28. A lessee with a capital lease containing a bargain purchase option should depreciate the leased asset over the A) asset's remaining economic life. B) term of the lease. C) life of the asset or the term of the lease, whichever is shorter. D) life of the asset or the term of the lease, whichever is longer. 29. If the lease in a sale-leaseback transaction meets one of the four leasing criteria and is therefore accounted for as a capital lease, who records the asset on its books and which party records interest expense during the lease period? Party recording the Party recording asset on its books interest expense A) Seller-lessee Purchaser-lessor B) Purchaser-lessor Seller-lessee C) Purchaser-lessor Purchaser-lessor D) Seller-lessee Seller-lessee