For a Finance Lease, an Amount Equal to the Present

For a finance lease, an amount equal to the present value at the beginning of the lease term of minimum lease payments during the lease term, excluding that portion of the payments representing executory costs such as insurance, maintenance, and property taxes to be paid by the lessor, together with any profit thereon, should be recorded by the lessee as a(n) :

A) asset but not a liability.
B) expense.
C) liability but not an asset.
D) asset and a liability.

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