The identified asset in a lease must be physically distinct and the lessor's right to substitute the asset must not be s

[answerhappygod]

The identified asset in a lease must be physically distinct and
the lessor's right to substitute the asset must not be
substantive.
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Question 38 options:
False
A lessee computes the present value of the minimum lease
payments using the lessor's implicit interest rate. If that is
unavailable, the lessee should use
its incremental borrowing rate.
Question 42 options:
False
Which statement is not true?
Question 45 options:
If a lease is a finance lease because of a bargain purchase
option, the leased asset should be depreciated over the life of the
asset, not the life of the lease.
The lessee ignores unguaranteed residual value in the
measurement of the lease obligation.
The lessor does not consider an unguaranteed residual value in
measuring the lease receivable at the date of lease signing.
In direct financing leases, the net investment in the lease
should be adjusted each year by material changes (increases or
decreases) in estimated unguaranteed residual values.
A direct financing lease results in a manufacturers or dealers
profit or loss and meets one or more of the capitalization criteria
and both of the recognition criteria.
Question 46 options: