For a lease that transfers ownership of the property to the lessee by the end of the lease term, the lessee should:

a. record each lease payment as lease expense

b. combine interest expense and amortization expense and report as a single lease expense

c. amortize the right-to-use asset over the lease term in a manner consistent with the lessee's normal depreciation policy for owned assets

d. amortize the right-to-use asset over the economic life of the asset in a manner consistent with the lessee's normal depreciation policy for owned assets