Question 7 (1 point) Which of the following statements correctly describes the initial measurement of a capital lease by a lessee under ASPE? a) Executory costs are included in the calculation of the minimum lease payments at initial measurement. b) The leased asset is initially recorded at the higher of the present value of the minimum lease payments and the fair value of the leased asset. C) The lease liability is always discounted using the lower of the lessee's implicit rate and the IBR at initial measurement. d) The cost of any BPO is excluded in the calculation of the lease liability at initial measurement. Question 8 (1 point) Which of the following statements correctly describes how a lessee that reports under IFRS depreciates an ROU asset using the cost model? a) The ROU asset is depreciated over the greater of the lease term and the asset's useful life. b) The residual amount of the leased asset is always nil. c) Where title transfers at the end of the lease, the ROU asset is depreciated over the asset's useful life. O d) Only the straight-line method may be used for depreciating ROU assets