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Which of the following is NOT a characteristic of an operating lease? A: The lease is usually of short duration. B: The lease is cancellable

Which of the following is NOT a characteristic of an operating lease?

A: The lease is usually of short duration.

B: The lease is cancellable on short notice

C: The total lease payments are insufficient to fully recover the cost of the asset.

D: The lessee is responsible for insurance, taxes, and upkeep.

E: The lease is similar to rental expense.

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