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a.) When should a leased asset (perspective of lessee) be depreciated over its lease term ? Over it's economic life? b.) And when should a

a.) When should a leased asset (perspective of lessee) be depreciated over its lease term ? Over it's economic life?

b.) And when should a leased asset be amortized ? What is the difference between amortizing the leased asset and depreciating it ?

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