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Which one of the following is generally NOT a characteristic of an operating lease? Question 2 options: Short-term lease duration. The lessor maintains the asset.
Which one of the following is generally NOT a characteristic of an operating lease?
Question 2 options:
| Short-term lease duration. |
| The lessor maintains the asset. |
| Asset has residual value at end of lease term. |
| Lease term is less than the economic life of the leased asset. |
| Cost of asset is less than total amount of lease payments. |
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