3. which of the following statement about finance lease and operating lease for a lessee is FALSE?

1. Whether it is a finance lease or an operating lease, lessee has to record right-of-use asset and lease liability

2. The amount of total expenses over the life the lease is higher for the finance lease than the operating lease

3. Under operating lease, annual total expense related to the lease is the same every year, under finance lease, annual total expense related to the lease is more in the early life of the lease

4. Under finance lease, amortization expense of right-of-use asset is usually calculated by straight-line method