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For which of the following conditions will the lessor classify a lease as a sales-type lease? The present value of the sum of the lease
For which of the following conditions will the lessor classify a lease as a sales-type lease? The present value of the sum of the lease payments is equal to or more than the fair value of the underlying asset. O The lease term is half of the underlying asset's economic life. O The leased asset may be exchanged for a similar asset during the lease term. O The lease term is less than one year
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