At the Commencement of the Lease Agreement the Lessor Recognises

At the commencement of the lease agreement the lessor recognises the balance of the lease receivable as the:

A) the nominal value of the lease payments receivable from the lessee.
B) the present value of the lease payments receivable from the lessee.
C) the present value of the residual value of the asset.
D) the present value of the lease payments receivable from the lessee and the present value of the unguaranteed residual value.