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Previous Page Next Page Page 3 of 5 Question 3 (1 point) Regardless of whether the lessee records a lease as a financing lease or

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Previous Page Next Page Page 3 of 5 Question 3 (1 point) Regardless of whether the lessee records a lease as a financing lease or an operating lease, a ROU asset and a lease liability will be recorded. True False Previous Page Next Page Page 3 of 5 Question 4 (1 point) When the lessor records an operating lease, they will need to depreciate the leased asset True False Previous Page Next Page Page 4 of 5

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