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a lease is classified as a finance lease because it contains a written purchase option that the lessee is reasonably certain to exercise. over what

a lease is classified as a finance lease because it contains a written purchase option that the lessee is reasonably certain to exercise. over what period of time should the lessee amortize the leased property?

The term of the lease

The economic life of the asset

The lease term of the economic life of the asset, whichever is shorter

The economic life of the asset, not to exceed 40 years

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