Brown Properties entered into a sale-leaseback transaction. Brown retains the right to substantially all of the remaining use of the property. A gain resulting from the sale should be:
A) Reported as part of the asset's cost.
B) Offset against losses from similar transactions.
C) Deferred at the time of the sale-leaseback and subsequently amortized.
D) Recognized in earnings at the time of the sale-leaseback.
