Answer:
The correct answer is option (b) The present value of the lease payments less the present value of the guaranteed residual value (if any)
Explanation:
For balance sheet, the liability of lease is measured as the present value of lease payments less the present value of the guaranteed residual value.
Normally, the equipment Ā been leased by the company will record the equipment as an asset, andĀ a liability will be recognize by the company on the balance sheet, by an amount identical to the present value of the Ā lease minimum payments leaseĀ residual value guaranteed, if there are any.