Question 4 (3 points) Listen Which ONE of the following statements is FALSE? If the lessor gets the asset back at the end of the lease and the asset has residual value at that time, the greater the expected residual value, the greater the lease payments When the lessee and lessor modify lease terms before the lease term ends and the modification grants the lessee an additional right of use, the original lease is terminated and a new lease is created. For the lessor, the present value of the lease payments plus the present value of the residual value are recorded as the lease receivable at the beginning of the lease. estion 5 (3 points) Listen Which ONE of the following statements is FALSE? If the underlying asset of a lease is of such a specialized nature that it is expected to have no alternative use to the lessor at the end of the lease term, the lease is classified as an operating lease. MacBook Air