A) present value of the replacement cost of the leased asset
B) rent expense times capitalization rate
C) present value of the future minimum lease payments
D) present value of the historical cost of the leased asset
Answer: C
A) present value of the replacement cost of the leased asset
B) rent expense times capitalization rate
C) present value of the future minimum lease payments
D) present value of the historical cost of the leased asset
Answer: C