Which of the following statements is not true?

A lessor leases property to a lessee. This contract meets the requirements for being recorded as a capital lease. The lessor is trying to determine whether this lease should be accounted for as a direct financing lease or a sales-type lease. Which of the following statements is not true?
The total amount of profit will be more if it is a sales-type lease than if it is a direct financing lease.
If the lessor is either a manufacturer or a dealer in this particular item, the lease is recorded as a sales-type lease.
In a direct financing lease, all profit is recognized as interest revenue over the life of the lease.
In a sales-type lease, a normal amount of profit is recognized at the time that the contract begins.

"Get 15% discount on your first 3 orders with us"
Use the following coupon
FIRST15

Order Now