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A lessee with a finance lease in which ownership of the asset transfers to the lessee at the end of the lease should amortize the

A lessee with a finance lease in which ownership of the asset transfers to the lessee at the end of the lease should amortize the leased asset over the:

asset's remaining useful life.

term of the lease.

life of the asset or the term of the lease, whichever is shorter.

life of the asset or the term of the lease, whichever is longer.

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