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Under ASC 842 , for the lessee, if a lease is for greater than a 12 month period but it does not meet the criteria

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Under ASC 842 , for the lessee, if a lease is for greater than a 12 month period but it does not meet the criteria as a financing lease, the lease: asset is classified as a direct financing lease and recorded on the Balance Sheet is classified as a sales type lease and recorded on the Balance Sheet is classified as operating and is recorded on the Balance Sheet is classified and an operating lease and is disclosed in the notes to the financial statement

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