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A lease is classified as a capital lease if the present value of the minimum lease payments is 75% or more of the fair value

A lease is classified as a capital lease if the present value of the minimum lease payments is 75% or more of the fair value of the leased property. True False
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A lease is classified as a capital lease if the present value of the minimum lease payments is 75% or more of the fair value of the leased property. True False A lease is classified as a capital lease if the present value of the minimum lease payments is 75% or more of the fair value of the leased property. True False

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