Consider the following questions:
1. In accounting for a Type B lease, how are the lessee's and lessor's income statements affected?
2. In a Type A lease, "front loading" of lease expense and lease revenue occurs. What does this mean, and how is it avoided in a Type B lease?
3. Briefly describe the conceptual basis for asset and liability recognition under the right-of-use approach used by the lessee in a lease transaction.
If possible, please give examples to better understand your response.