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15. Once a lease is classified as a capital lease, the lessee lists the leased equipment as an asset and depreciates the leased equipment over
15. Once a lease is classified as a capital lease, the lessee lists the leased equipment as an asset and depreciates the leased equipment over the service life of the equipment. a) True b) False 16. Leases similar to installment purchases are capitalized. ) a) True b) False
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