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Under current US GAAP (ASC 842), public and nonpublic entities follow a two-model approach for the classification of lessee leases as either finance or operating.
Under current US GAAP (ASC 842), public and nonpublic entities follow a two-model approach for the classification of lessee leases as either finance or operating. Lessors must classify leases as sales-type, direct financing, or operating
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