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An operating lease has which one of the following characteristics? Group of answer choices The economic life of the asset equals the lease term. The

An operating lease has which one of the following characteristics?

Group of answer choices

The economic life of the asset equals the lease term.

The lessee has responsibility for the maintenance and insurance.

The lease payments recover the full cost of the asset.

The lessee can cancel the lease prior to the expiration date.

The lease term is relatively long term.

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