Solution-Which if present value of lease payments equals or

Which if present value of lease payments equals or exceeds

Reference no: EM132782062

Problem 1: If the present value of lease payments equals or exceeds 90% of the fair value of the leased property, the

a. lease is uneconomical and should not be entered into.

b. lease may be classified as an operating lease.

c. recording of a lease liability is optional-that is, the off-balance sheet approach can be elected.

d. conditions are met for the lease to be considered a capital lease.

Reference no: EM132782062

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Which if present value of lease payments equals or exceeds

Reference no: EM132782062

Reference no: EM132782062

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