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Under a lease that does not meet any of the finance lease criteria and there is no third party guaranteed residual value, the depreciation/amortization of

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Under a lease that does not meet any of the finance lease criteria and there is no third party guaranteed residual value, the depreciation/amortization of the leased asset is accounted for by the lessor and the lessee as follows The lessor does not recognize depreciation. The lessee amortizes the asset over the lease term. The lessor depreciates the asset over the lease term. The lessee does not recognize amortization. The lessor depreciates the asset over the asset's rosmaining life. The lessee does not recognize amortization The lessor does not recognize depreciation. The lessee amortizes the asset over its remaining useful life

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