Depreciation expense will be recorded in the accounts of the
A)lessee for operating leases
B)lessor for operating leases
C)lessor for direct financing leases
D)lessor for sales-type leases

Name: Depreciation expense will be recorded in the accounts of the A)lessee for operating leases B)lessor for operating leases C)lessor for direct financing leases D)lessor for sales-type leases
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Question

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In operating leases, the lessor retains ownership of the asset and records depreciation expense.

Depreciation Expense Will Be Recorded in the Accounts of the