For a finance lease,an amount equal to the present value at the beginning of the lease term of minimum lease payments during the lease term,excluding that portion of the payments representing executory costs such as insurance,maintenance,and property taxes to be paid by the lessor,together with any profit thereon,should be recorded by the lessee as a(n):

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According to accounting standard ASC 840, a finance lease results in the lessee recognizing an asset and a liability. The amount equal to the present value of minimum lease payments to be made during the lease term, excluding executory costs to be paid by the lessor, is recorded as an asset on the lessee's balance sheet. This asset is then depreciated over the useful life of the leased asset. The same amount is also recorded as a liability, representing the obligation of the lessee to make lease payments over the lease term.

For a Finance Lease,an Amount Equal to the Present Value