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For a finance lease, an amount equal to the present value of the lease payments should be recorded by the lessee as a(n): a. Expense.

For a finance lease, an amount equal to the present value of the lease payments should be recorded by the lessee as a(n):

a.

Expense.

b.

Asset and a different amount should be recorded as a liability.

c

Liability and a different amount should be recorded as an asset.

d

Asset and a liability.

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