A machine is leased and the Present value of the minimum lease payments amounts to the fair value of the leased asset. How would this be shown

in the lessee's books?

Question $10$

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A$.$ In the Balance Sheet as a fixed asset only

B$.$ In the balance sheet as affixed asset and no entries shown in the Profit and Loss Account

C$.$ In the Balance sheet as a fixed asset, liability to the lessor and finance charge in the Income Statement

D$.$ Lease payments shown in the Profit$/$Loss account