Office equipment recorded under a finance lease containing a bargain purchase option should be amortized under SFAS No. 13

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C) In a manner consistent with the lessee's normal depreciation policy for owned assets. According to SFAS No. 13, when a lease contains a bargain purchase option, the leased asset should be amortized in a manner consistent with the lessee's normal depreciation policy for owned assets, reflecting the assumption that the asset will be purchased and thus become owned by the lessee.

Office Equipment Recorded Under a Finance Lease Containing a Bargain