Title to a right$-$of$-$use asset with a remaining economic life of $20$ years does not transfer to the lessee at the end of the $10$ year lease term, but the lessor anticipates an unguaranteed residual value of $$2,000.$ What is the period and residual value used by the lessee to depreciate the leased asset?

Period

Residual value

$1$

Remaining life at inception

$$0$

$2$

Remaining life at inception

$$2,000$

$3$

Lease term

$$2,000$

$4$

Lease term

$$0$

Question $33$Select one:

a$.$

Choice$-3$

b$.$

Choice$-4$

c$.$

Choice $2$

d$.$

Choice$-1$