Over what time period does the lessee amortize the leased asset transferred by the lessor?

A. The lessee can amortize the leased asset over the lease term. The amortization of the leased asset can also be computed over the economic life of the asset using a different method as used by the lessee for property owned. This occurs if the lease term is greater than or equal to 75% of the economic life of the asset.

B. The lessee cannot amortize the leased asset over the lease term. The amortization of the leased asset can only be computed over the economic life of the asset using the same method as used by the lessee for property owned. This occurs if the present value of the lease is greater than or equal to 90% of the fair value.

C. The lessee cannot amortize the leased asset over the lease term. The amortization of the leased asset can only be computed over the economic life of the asset using a different method as used by the lessee for property owned. This occurs if collectability is reasonably assured and there are no material uncertainties as to future costs.

D. The lessee can amortize the leased asset over the lease term. The amortization of the leased asset can also be computed over the economic life of the asset using the same method as used by the lessee for property owned. This occurs if the lease contains a bargain purchase option or a transfer of ownership clause.