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Which of the following situations would not indicate that a lease should be considered a finance lease? The lease contains a bargain purchase option The
Which of the following situations would not indicate that a lease should be considered a finance lease?
The lease contains a bargain purchase option
The lease transfers ownership of the leased asset to the lessee at the end of the lease term
The lease term is for a major portion of the leased asset's useful life.
The lease contains an option for the lessee to renew the lease at market value.
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Internal Auditing Assurance & Advisory Services
Authors: Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Cris Riddle, Mark Salamasick, Paul J. Sobel
4th Edition
0894139878, 978-0894139871
