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please help with both The expected salvage value of the leased asset is $20,000. The lessee guarantees $10,000 of the expected salvage value, but only
please help with both
The expected salvage value of the leased asset is $20,000. The lessee guarantees $10,000 of the expected salvage value, but only expects to pay $5,000 of the salvage value. The present value calculated to determine whether the lease is a finance lease will include salvage value of $20,000 The recorded value of the leased asset will include the present value of $20,000 The recorded value of the leased asset will include the present value of $10,000 The recorded value of the leased asset will include the present value of $5,000 Question 5 2pts Under the US GAAP leasing standard, lessees will Not capitalize any leases Capitalize all leases Capitalize all operating leases Capitalize all leases with terms greater than 12 months Step by Step Solution
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