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Which of the following best describes current practice in accounting for leases? 1- leases are not capitalized 2- All low-value leases are capitalized 3- leases

Which of the following best describes current practice in accounting for leases?

1- leases are not capitalized

2- All low-value leases are capitalized

3- leases similar to installment purchases are capitalized

4- all leases are capitalized

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