For which of the following should the present value of an annuity due concept be used to calculate the present value of an asset obtained or liability owed at the date of incurrence?

A ten-year 8% bond issued on January 2, with interest payable on July 1 and January 1 yielding 9%.

A capital lease entered into with the initial lease payment due one month after the lease agreement is signed.

A capital lease entered into with the initial lease payment due when the lease agreement is signed.

A ten-year 8% bond issued on January 2, with interest payable on July 1 and January 1 yielding 7%.