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Why do most leases have expensive cancellation provisions? Does the existence of this provision shift risk to the lessor or to the lessee? Starting in

  1. Why do most leases have expensive cancellation provisions? Does the existence of this provision shift risk to the lessor or to the lessee?
  2. Starting in 2019 all lease obligations must show up on the balance sheet of a corporation.This is effect does away with what type of lease in accounting speak the operating lease or the capital lease?

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