Question $4$

$4$ points Save Answei

On January $1,2024,$ Santee Company leased equipment, with a fair value of $$25,771,$ to Bellimoso Company under a $3-$year lease. The economic life of the asset is $4$ years. The present value of the lease payments equals $$25,771$ and $$10,000$ in annual lease payments are due at the beginning of each year of the lease, beginning January $1,2024.$ An implied discount rate of $8\%$ is assumed. Santee's entry to record the lease on January $1,2024$ includes what components? $($Choose all that apply$)$

A$.$ debit lease receivable $$25,771$

B$.$ credit equipment $$25,771$

C$.$ debit ROU asset $25,771$

D$.$ credit lease liability $$25,771$