Assets That Are Leased Under an Operating Lease Should Be

Multiple Choice

Assets that are leased under an operating lease should be:

A) depreciated by the lessee over the economic life of the asset.
B) recognised by the lessee as an asset and depreciated according to the pattern of economic benefits from use.
C) regarded as an operating activity by lessees and lease payments charged to profit and loss on a systematic basis.
D) recognised as an unidentifiable intangible asset and tested annually for impairment.