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What is the nature of this lease arrangement

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Question - The Ballard Company leases a warehouse each month for storage excess supply. Companies periodically have to rent space at anytime even though its production far exceeds actual sales. For several years, officials companies have discussed building their own storage facilities, but this enthusiasm faltered when sales increased enough to absorb excess inventory. What is the nature of this lease arrangement, and the accounting treatment what should be given?

Reference no: EM132962783

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