When a lessee measures the present value of future rent identitate payments expected to be paid by the lessee to cover les insurance, and maintenance should be Multiple Choice capitatzea, but at a gerent count one and reported in a seperate at account on the balance sheet Ched, but it different discount rate and for relevant period that is different than for the future rental bymer in the present of the future to be catted ed to the present lue of the futures to be and For accounting purposes, a lease liability is recorded on: Multiple Choice O the inception date of the lease. the year-end reporting date of the entity. the commencement date of the lease term. the date of the first lease payment