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For a finance lease, the amount recorded initially by the lessee as a liability should Exceed the present value at the beginning of the

For a finance lease, the amount recorded initially by the lessee as a liability should Exceed the present value at the beginning of the lease term of minimum lease payments during the lease term. Not exceed the fair value of the leased property at the inception of the lease. Equal the total of the minimum lease payments during the lease term. Exceed the total of the minimum lease payments during the lease term.

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