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Enderle company leases a delivery truck for the entire useful life of the delivery truck as part of a rent to own agreement. While the

  1. Enderle company leases a delivery truck for the entire useful life of the delivery truck as part of a rent to own agreement. While the lease is technically a rental agreement and should involve the recognition of rental expense, Enderle records this rental as a purchase and increase its assets. This treatment is justified by which qualitative characteristic?

A Verifiability

B Faithful representation

C Relevance

D Materiality

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