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The appropriate asset value that a lessee reports on its balance sheet for an operating lease is ________. A. the present value of the minimum
The appropriate asset value that a lessee reports on its balance sheet for an operating lease is ________.
A. the present value of the minimum lease payments
B. the sum of the minimum lease payments
C. the historical cost of the asset being leased
D. zero, unless a prepayment or accrual is involved
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