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    Modern Auditing Assurance
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    Exam 17: Auditing the Investing and
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    When Plant Assets Are Acquired Under a Capital Lease, the Cost
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When Plant Assets Are Acquired Under a Capital Lease, the Cost

Question 70

Question 70

True/False

When plant assets are acquired under a capital lease, the cost of the property and the related liability should be recorded at the present value of the future minimum lease payments.

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