D is corrent. A sublease arises when the lease agreement between the two original parties remains in effect, and the leased property is released to a third party by the original lessee. Per ASC Topic 840, when equipment held under an operating lease is subleased by the original lessee, the sublease is still considered to be an operating lease by the original lessee.
A is incorrect. A sublease arises when the lease agreement between the two original parties remains in effect, and the leased property is released to a third party by the original lessee. Per ASC Topic 840, when equipment held under an operating lease is subleased by the original lessee, the sublease is still considered to be an operating lease by the original lessee.
A is incorrect. A sublease arises when the lease agreement between the two original parties remains in effect, and the leased property is released to a third party by the original lessee. Per ASC Topic 840, when equipment held under an operating lease is subleased by the original lessee, the sublease is still considered to be an operating lease by the original lessee.
A is incorrect. A sublease arises when the lease agreement between the two original parties remains in effect, and the leased property is released to a third party by the original lessee. Per ASC Topic 840, when equipment held under an operating lease is subleased by the original lessee, the sublease is still considered to be an operating lease by the original lessee.
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