Question
Which of the following is not required in order for a contract to contain a lease? Multiple Choice The asset must be explicitly identified
Which of the following is not required in order for a contract to contain a lease? Multiple Choice The asset must be explicitly identified in the contract. The customer can derive substantially all of the potential economic benefits from using the asset The customer can direct the use of the asset throughout the contract term The provider cannot have the right to substitute alternative assets during the period of use and could benefit economically from such a substitution.
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