Which of the Following Statements with Regards to Taxation and Leases

Which of the following statements with regards to taxation and leases is the most accurate?

A) Both lease rentals and depreciation on the leased asset are deductible for tax purposes by the lessor.
B) Both lease rentals and depreciation on the leased asset are deductible for tax purposes by the lessee.
C) Lease rentals and depreciation on the leased asset are not deductible for tax purposes by the lessee.
D) If lease rentals are deductible for tax purposes by the lessee then depreciation on the leased asset can be deductible for tax purposes only by the lessor.