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P 1 7 - 9 . Substance of lease arrangement - lessor ( L . O . 1 7 - 1 , L . O

17 - 9 .

Substance of lease arrangement

-

lessor

(

.

. 17 - 1,

.

. 17 - 2) (

Medium

- 10

minutes

)

The following are characteristics of a lease:

Required:

Determine the present value of the lease payments and the appropriate classification for this lease for the lessor.

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