On January 1, 2010, Scarlett signed a lease agreement with Amber.Amber will use the equipment and make ten annual payments of $15, 000 beginning December 31, 2010.The lease is considered to be a capital lease.When reading the Amber income statement, you would expect to find which of the following accounts?
A)Rent Revenue
B)Interest Revenue
C)Rental Expense
D)Interest Expense

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The Answer of On January 1, 2010, Scarlett signed a lease agreement with Amber.Amber will use the equipment and make ten annual payments of $15, 000 beginning December 31, 2010.The lease is considered to be a capital lease.When reading the Amber income statement, you would expect to find which of the following accounts?
A)Rent Revenue
B)Interest Revenue
C)Rental Expense
D)Interest Expense

On January 1, 2010, Scarlett Signed a Lease Agreement with Amber.Amber