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Recall the two -model approach under GAAP where lease expense on the income statement is equal to the sum of the interest expense and the

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Recall the two -model approach under GAAP where lease expense on the income statement is equal to the sum of the interest expense and the amortization expense. In a typical 5-year operating lease, the amortization of the right-of-use asset in the third year is: The same as the fourth year. Zero. Less than in the fourth year. More than in the fourth year

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