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help with both The lessee will account for the lease as a finance lease when the lease term is five years, the remaining useful life
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The lessee will account for the lease as a finance lease when the lease term is five years, the remaining useful life is six year, and the leased asset is twenty-two years old at the inception of the lease. Yes No Question 16 1 pts The lessee will account for the lease as a finance lease when the present value of the lease payments plus salvage value guaranteed by the lessee is $95,000 and the fair value of the leased asset is $100,000 Yes No Step by Step Solution
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