Answer this question for a lease accounted for as a finance lease by lessee, and STL (sales type lease) by lessor.

a) At a signing, only the lessee records a JE involving the asset under lease

b) Both parties record two JEs each year of the lease term, not counting the JE at signing

c) Both parties record only one JE each year of the lease term, not counting the JE at signing

d) Bot parties amortize (depreciate) the asset under lease for financial reporting purposes

c) Only the lessee amortizes (depreciates) the asset under lease for financial reporting purposes, over the lease term