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Match the following terms related to leases to their description. - A. B. C. D. E. F. G. H. I. Option to acquire asset at

Match the following terms related to leases to their description.

- A. B. C. D. E. F. G. H. I.

Option to acquire asset at discounted price

- A. B. C. D. E. F. G. H. I.

Finance Lease

- A. B. C. D. E. F. G. H. I.

Debited by lessee's at lease inception, credited each year

- A. B. C. D. E. F. G. H. I.

Debited by lessee each year

- A. B. C. D. E. F. G. H. I.

Effective rate times balance

- A. B. C. D. E. F. G. H. I.

Lease payments plus residual value

- A. B. C. D. E. F. G. H. I.

Non-lease payments

- A. B. C. D. E. F. G. H. I.

Lease expense/Rent Revenue

- A. B. C. D. E. F. G. H. I.

Deducted in lessors computation of lease payments

A.

Control passed to lessee.

B.

Right of use asset

C.

Lessors Gross Investment or Cost

D.

Depreciation expense

E.

Payments expensed by the lessee

F.

Interest expense

G.

Purchase option

H.

Operating Lease

I.

PV of purchase option exercise price.

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