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15) In computing the annual lease payments, the iessor deducts not residual value from the fair market value of a leased asset. TRtt 16). When

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15) In computing the annual lease payments, the iessor deducts not residual value from the fair market value of a leased asset. TRtt 16). When the lessee agrees to make up any defieieney below iitated oubt realizes in residual value, that stated amount is the ungdaranteed tesidust TRUE FALSE 17 The sales-type iease has both interest revenue and profit revenue TRtt tktst 18. A lease that contains a bargain purchase option must be eapitiibedby ta TRUE FALSE 19) Executory costs should be included by the lessee in eomputini traer Whag 8t8 minimum lease payments. TRUE FALSE 20. Acapitalized leased asset is always depreciated over theeootiomie 8 TRUE FALSE lessee 21) A deferred tax liability representsthe inerease in taxes payable yem oftaxable temporary differences existing at the end of fhe currem year TRUE FALSE 22) Deductible amounts cause taxable income to be greater that

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