From the lessee's viewpoint, which of the following is not an advantage of leasing?

A. The lessee may be able to claim larger tax deductions through leasing the asset than if the asset were purchased.

B. In many cases, an asset may be leased without requiring the lessee to make a substantial down payment.

C.If a lease is recorded as a capital lease, the calculated rate of return on the total assets ratio and the current ratio will be improved.

D. A lease agreement may reduce the risk of obsolescence for a lessee.