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Which of the following is not true about a capital lease? A) The entire amount of each lease payment is considered rent expense. B) Is

Which of the following is not true about a capital lease? A) The entire amount of each lease payment is considered rent expense. B) Is used when the assets leased is in substance purchased. C) When a capital lease is used an asset is recorded and depreciated over its useful life. D) When a capital lease is used interest expense is incurred on each payment.

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