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The discount rate to be used in calculating the present value of the minimum lease payments is the interest rate implicit to the lease, or
The discount rate to be used in calculating the present value of the minimum lease payments is the interest rate implicit to the lease, or if this is not practicable to do so, the lessor's incremental borrowing rate (A) True B False
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
5th edition
978-0077924379, 77924371, 978-0078025396, 78025397, 978-0077425654, 77425650, 978-0077667061
