The total interest expense recorded over the life of the lease is $56,040. Question 7 (3 points) Listen Which ONE of the following statements is FALSE? When it is reasonably certain that the lessee will exercise the purchase option, both the lessee and the lessor consider the exercise price of the option to be an additional cash payment. If a cash payment under a lessee-guaranteed residual value is predicted, the present value of that payment is added to the present value of the periodic lease payments when the lessee records a Right-of-Use Asset at the beginning of the lease. When it is reasonably certain that the lessee will exercise the purchase option, the lease is classified as an operating lease. Jestion 8 (3 points) Listen MAAN CALCO MacBook Air DOD F4 FS F6