The component of periodic pension expense that represents the present value of the increase in an employer's pension obligation to employees because of their services rendered during the current period is the: Multiple Choice- Current cost, Service cost. Accumulated benefit obligation (ABO). Projected benefit obligation (PBO). In an operating lease in which the asset's economic life and lease term are different: Multiple Choice The lessee amortizes the leased asset over the term of the lease at a straight-line amount. The lessee amortizes the leased asset at an amount that increases each period. The lessor amortizes the leased asset over the term of the lease. The lessee amortizes the asset over its economic life