Question 14 (1.5 points) For a sales-type lease (ASPE) or manufacturer or dealer lease (IFRS), 1) cost of goods sold is not recognized. 2) the gross profit will be the same whether the residual value is guaranteed unguaranteed. 3) the present value of the guaranteed residual value is deducted to determir the cost of goods sold. 4) the cost of goods sold is equal to the present value of the guaranteed resic value 5) the sales price includes the present value of the unguaranteed residual valu Question 15 (1.5 points) Saved On December 31, 2020. Eastern Inc. leased machinery with a fair value of $ 420,0 from Northern Rentals. The agreement is a six-year non-cancellable lease requiring