Revenue for a Sales-Type Lease Is the Lower of ________

Revenue for a sales-type lease is the lower of ________.

A) the fair value of the leased asset or the sum of the lease receivable and any lease payments paid before the lease commencement date
B) the present value of the leased asset or the sum of the lease payable and any lease payments paid before the lease commencement date
C) the fair value of the leased asset or the sum of the lease receivable and lease payments paid after the lease commencement date
D) the present value of the leased asset or the sum of the lease payable and any lease payments paid after the lease commencement date