Initially, a lease liability is measured a. by the lessee at the present value of the lease payments that are not paid at the commencement date of the lease. b. by the lessor at the present value of...

Initially, a lease liability is measured

a. by the lessee at the present value of the lease payments that are not paid at the commencement date of the lease.

b. by the lessor at the present value of the total lease payments payable at the commencement date of the lease.