if the lease in a sale$-$leaseback transactions meets one of the five lease tests and is therefore accounted for as a finance lease, who records the asset on its books, and which party records interest expense during the lease period?If the lease in a sale$-$leaseback transaction meets one of the five lease tests and is therefore accounted for as a finance lease,

who records the asset on its books, and which party records interest expense during the lease period?

Party recording the

Party recording

asset on its books

interest expense

Purchaser$-$lessor Seller$-$lessee

Purchaser$-$lessor Purchaser$-$lessor

Seller$-$lessee Purchaser$-$lessor

Seller$-$lessee Seller$-$lessee