Question:In which of the following situations would the lessee enjoy the economic benefits and bear the economic risks of leasing an asset? 

A An asset with an economic life of 10 years is leased for 4 years. 

B The lease agreement contains a bargain purchase option. 

C At the end of the lease term, the lessee returns the leased asset to the lessor. 

D The present value of the lease payments is $70,000 and the fair market value of the leased asset is $95,000. 

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