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a. Determine whether this lease is appropriately classified as an operating lease or as a finance lease. Explain in detail how you reach this
a. Determine whether this lease is appropriately classified as an operating lease or as a finance lease. Explain in detail how you reach this conclusion. b. Using the lease classification deemed appropriate in a. above, show the journal entries, including brief explanations, that Sonia's Taco Trucks should record in 2022 related to the lease, including adjusting entry(ies). Show calculations for partial credit. Account Debit Credit
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