All the following are false except: OA. A capitalized leased asset is always depreciated over the term of the lease by the lessee. B. 1.25 points OC. OD. Save Answer Executory costs should be excluded by the lessee in computing the present value of the minimum lease payments. Both a guaranteed and an unguaranteed residual value affect the lessee's computation of amounts capitalized as a leased asset. Under the operating method, the lessor records each rental receipt as part interest revenue and part rental revenue.