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Question (1 point) Which of the following is NOT a characteristic of an operating lease? Question options: The lease is usually of short duration. The
Question (1 point)
Which of the following is NOT a characteristic of an operating lease?
Question options:
| The lease is usually of short duration. |
| The lessee is responsible for insurance, taxes, and upkeep. |
| The lease is cancellable on short notice. |
| The total lease payments are insufficient to fully recover the cost of the asset. |
| The lease is similar to rental expense. |
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