When are initial direct costs recognized in an operating lease? In a direct financing lease? In a

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When are initial direct costs recognized in an operating lease? In a direct financing lease? In a sales-type lease? Why?

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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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Question Posted: Jul 05, 2013 07:01 AM

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When are initial direct costs recognized in an operating lease? In a direct financing lease? In a

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In an operating lease initial direct costs are recorded as prepaid expenses assets and amortized as ...View the full answer

Intermediate Accounting

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