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For an operating lease with equal lease payments and accounted for under ASC 842, the lessee question. records no asset or liability on the balance
For an operating lease with equal lease payments and accounted for under ASC 842, the lessee question. records no asset or liability on the balance sheet at the commencement of the lease. recognizes amortization expense and interest expense on the income statement. credits the Right-of-use asset when it records amortization. amortizes the the Right-of-use asset using its normal depreciation policies
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