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Which of the following statements in relation to a lease contract between a lessor and a lessee are correct? 1. The lessee should not include
Which of the following statements in relation to a lease contract between a lessor and a lessee are correct? 1. The lessee should not include the present value of any bargain purchase option in measuring the lease liability 2. The lessee should recognize depreciation/amortization of the leased asset over the lease term if the right of use asset is returned at the end of the lease term 3. The lessor should include the present value of any bargain purchase option in measuring the lease receivable 4. Any unguaranteed residual value does not form part of the fair value of the leased asset 5. The journal entries on day 1 for the lessee will always be the mirror reverse of those for the lessor 6. The interest rate for the lease is always determined from the lessor's perspective O a. Statements 2, 4, and 5 are correct O b. Statements 2 and 6 are correct Oc. Statements 2, 3 and 6 are correct O d. All statements are correct Statements 1, 2, 3, and 6 are correct O e
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