If the Lessee Makes the Following Entry $\begin{array} { l } \text {Dr. Amortization expense (SE) }&xx\\ \text { Cr. Accumulated amortization (XA) }&&xx\\\end{array}$

question 59

Multiple Choice

If the lessee makes the following entry: $\begin{array} { l } \text {Dr. Amortization expense (SE) }&xx\\ \text { Cr. Accumulated amortization (XA) }&&xx\\\end{array}$

What type of lease do they have?

• A)Commercial lease
• B)Finance lease
• C)Operating lease
• D)Sales-type lease

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