In an operating lease in which the asset's economic life and lease term are different:
A) The lessee depreciates the leased asset over the term of the lease.
B) The lessor depreciates the leased asset over its economic life.
C) The lessee should record a leased asset and a related obligation at the present value of the lease payments.
D) The lessee depreciates the asset over its economic life.
Answer: B
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