Question
A lease agreement contains no purchase option or transfer of ownership. The lease would be classified as a short-term lease if: The present value of
A lease agreement contains no purchase option or transfer of ownership. The lease would be classified as a "short-term" lease if:
The present value of lease payments is less than $10,000
Renewal options present in the lease are all for short-term periods
The lease term is less than 12 months
The lease involves an asset with an estimated useful life of 3 years or less
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The Practitioners Blueprint To Construction Auditing
Authors: Ron Risner
1st Edition
0894137263, 978-0894137266
