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A necessary condition for a sales - type lease is:A ) Legal title to the asset transfers to the lessee.B ) The present value of
A necessary condition for a salestype lease is:ALegal title to the asset transfers to the lessee.BThe present value of minimum lease payments exceeds the lessor's cost.CThe lessor earns interest revenue instead of dealer's profit.DThe lessor earns dealer's profit instead of interest revenue.
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