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When a lessee makes an entry at the beginning of a lease, which of the following are included in the amount that will be recorded

When a lessee makes an entry at the beginning of a lease, which of the following are included in the amount that will be recorded as both a right-of-use asset and a lease liability? (Select all that apply.)

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  • Fair value of the asset leased

    Fair value of the asset leased
  • Present value of a cash payment expected to be made at the end of the lease term because of a guaranteed residual value

    Present value of a cash payment expected to be made at the end of the lease term because of a guaranteed residual value
  • Present value of expected residual value

    Present value of expected residual value
  • Present value of periodic lease payments

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