If a Lease Is Capitalized, Under the Financial Accounting Standards

If a lease is capitalized, under the Financial Accounting Standards Board (FASB) Statement #13 it has which of the following attributes?

A) It shows up as a liability on the lessor's financial statements.
B) It is a debt on the right-hand side of the lessee's balance sheet, and an asset on the left.
C) The lease's present value shows as a liability on the lessee's balance sheet, but not as an asset.
D) The lease becomes a capital asset for the lessor, allowing the firm to capitalize on its value to borrow more.