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Under ASC 842, lessees would Multiple choice question. treat all leases with lease terms in excess of one year as finance leases. treat leases as

Under ASC 842, lessees would Multiple choice question. treat all leases with lease terms in excess of one year as finance leases. treat leases as finance leases when the underlying asset is highly specialized. classify a lease as a finance lease when the lease term is more than 50% of the economic life. classify all leases as operating leases

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