Question
The estimated residual value of a depreciable leased asset at the end of the lease term is: Question 11 options: added to the bargain purchase
The estimated residual value of a depreciable leased asset at the end of the lease term is:
Question 11 options:
| added to the bargain purchase option at the expiration of the lease. |
| always guaranteed by either the lessor or the lessee. |
| an important factor in how the lessor and lessee must account for the lease. |
| used by the lessor to compute the annual amount of depreciation expense. |
Question 12 (1 point)
A lease that is less than 12 months in duration may be classified as long-term if there are substantial penalties for non-renewal.
Question 12 options:
True | |
False |
Question 13 (1 point)
Which of the following is not included in the initial measurement of a lease liability?
Question 13 options:
| Variable lease payments that change with an index or rate. | ||||||||||||||||||||
| Variable lease payments based on usage. | ||||||||||||||||||||
| Payments of penalties to terminate the lease. | ||||||||||||||||||||
| Expected amounts to be paid under the contract for residual values.
question 16 Costs related to a new pension plan that are necessary to "catch up" for services rendered prior to the inception of the pension plan are classified as:
Question 16 options:
question 19The lease term includes any periods covered by an extension option if it is reasonably certain that the extension option will be exercised. Question 19 options:
Question 20 (1 point)
Factors affecting estimates of benefits under a post-retirement health care plan include all of the following except:
Question 20 options:
|
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